Defiance Silver (CVE:DEF) Shares Up 7.4% – Should You Buy?

Defiance Silver Corp. (CVE:DEF) was up 7.4% during trading on Monday . The company traded as high as C$0.29 and last traded at C$0.29. Approximately 149,950 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 383,561 shares. The stock had previously closed at C$0.27.

Analysts Set New Price Targets

DEF has been the subject of a number of recent research reports. Northland Capmk upgraded shares of Defiance Silver to a “strong-buy” rating in a report on Wednesday, January 15th. HC Wainwright upgraded shares of Defiance Silver to a “strong-buy” rating in a research report on Thursday, December 12th.

Defiance Silver Price Performance

The stock’s 50 day simple moving average is C$0.24 and its 200-day simple moving average is C$0.24. The company has a market capitalization of C$84.32 million, a PE ratio of -25.11 and a beta of 2.95.

Defiance Silver Company Profile

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.