Defiance Silver (CVE:DEF) Stock Price Up 9.1% – Should You Buy?

Defiance Silver Corp. (CVE:DEF) shares shot up 9.1% on Thursday . The stock traded as high as C$0.24 and last traded at C$0.24. 253,680 shares were traded during trading, a decline of 15% from the average session volume of 299,863 shares. The stock had previously closed at C$0.22.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Maxim Group raised Defiance Silver to a “strong-buy” rating in a report on Friday, October 11th. Northland Capmk upgraded Defiance Silver to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, HC Wainwright upgraded shares of Defiance Silver to a “strong-buy” rating in a research report on Thursday, December 12th.

Defiance Silver Stock Performance

The company has a quick ratio of 12.57, a current ratio of 2.41 and a debt-to-equity ratio of 8.70. The stock has a market capitalization of C$63.98 million, a P/E ratio of -10.00 and a beta of 2.95. The company has a 50-day moving average price of C$0.21 and a two-hundred day moving average price of C$0.24.

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.