Defiance Silver (CVE:DEF) Shares Up 12.5% – Should You Buy?

Defiance Silver Corp. (CVE:DEF) shot up 12.5% during mid-day trading on Tuesday . The company traded as high as C$0.36 and last traded at C$0.36. 439,569 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 398,395 shares. The stock had previously closed at C$0.32.

Analyst Upgrades and Downgrades

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

Defiance Silver Price Performance

The company has a debt-to-equity ratio of 8.70, a quick ratio of 12.57 and a current ratio of 2.41. The business has a fifty day simple moving average of C$0.25 and a 200-day simple moving average of C$0.25. The stock has a market capitalization of C$100.73 million, a P/E ratio of -10.00 and a beta of 2.95.

Defiance Silver (CVE:DEF) last issued its earnings results on Wednesday, August 14th. The company reported C$0.27 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.22. The firm had revenue of C$133.17 million during the quarter, compared to analyst estimates of C$23.39 million.

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.