Defiance Silver (CVE:DEF) Stock Price Down 6.8% – Here’s What Happened

Defiance Silver Corp. (CVE:DEF)’s stock price fell 6.8% during mid-day trading on Thursday . The stock traded as low as C$0.21 and last traded at C$0.21. 398,239 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 434,083 shares. The stock had previously closed at C$0.22.

Wall Street Analysts Forecast Growth

Separately, Maxim Group raised Defiance Silver to a “strong-buy” rating in a research report on Friday, October 11th.

Defiance Silver Price Performance

The stock has a market cap of C$57.17 million, a P/E ratio of -10.00 and a beta of 2.95. The firm has a 50-day moving average price of C$0.27 and a 200-day moving average price of C$0.26. The company has a debt-to-equity ratio of 8.70, a quick ratio of 12.57 and a current ratio of 2.41.

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.