Defiance Silver (CVE:DEF) Trading 7.5% Higher

Defiance Silver Corp. (CVE:DEF)’s share price traded up 7.5% during mid-day trading on Thursday . The company traded as high as C$0.29 and last traded at C$0.29. 48,000 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 409,629 shares. The stock had previously closed at C$0.27.

Defiance Silver Stock Performance

The stock’s 50-day moving average price is C$0.26 and its 200-day moving average price is C$0.17. The company has a debt-to-equity ratio of 8.70, a current ratio of 0.78 and a quick ratio of 12.57. The company has a market cap of C$60.19 million, a P/E ratio of -10.00 and a beta of 2.82.

Defiance Silver (CVE:DEF) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C$0.02 earnings per share for the quarter, topping the consensus estimate of C$0.01 by C$0.01. The firm had revenue of C($4.92) million for the quarter, compared to the consensus estimate of C$8.19 million.

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.