Defiance Silver (CVE:DEF) Shares Down 2.3% – Here’s What Happened

Defiance Silver Corp. (CVE:DEF)’s share price dropped 2.3% on Monday . The stock traded as low as C$0.21 and last traded at C$0.22. Approximately 487,328 shares traded hands during trading, an increase of 28% from the average daily volume of 381,039 shares. The stock had previously closed at C$0.22.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DEF. HC Wainwright upgraded Defiance Silver to a “strong-buy” rating in a research note on Thursday, December 12th. Maxim Group upgraded shares of Defiance Silver to a “strong-buy” rating in a research report on Friday, October 11th.

Defiance Silver Price Performance

The company’s fifty day moving average price is C$0.22 and its two-hundred day moving average price is C$0.24. The company has a market cap of C$58.53 million, a price-to-earnings ratio of -10.00 and a beta of 2.95. The company has a quick ratio of 12.57, a current ratio of 2.41 and a debt-to-equity ratio of 8.70.

About Defiance Silver

Defiance Silver Corp., an exploration stage company, acquires, explores, evaluates, and develops mineral properties primarily in Mexico. It primarily explores for gold, copper, and silver deposits. The company was formerly known as Defiance Capital Corp. and changed its name to Defiance Silver Corp. in June 2011.