Defiance Silver (CVE:DEF) Trading Down 1.9% – What’s Next?

Defiance Silver Corp. (CVE:DEF) shares were down 1.9% during trading on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.26. Approximately 224,078 shares changed hands during trading, a decline of 43% from the average daily volume of 394,547 shares. The stock had previously closed at C$0.27.

Defiance Silver Stock Performance

The firm has a fifty day moving average price of C$0.24 and a 200 day moving average price of C$0.24. 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 stock has a market cap of C$70.79 million, a PE 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.22. The firm had revenue of C$133.17 million during the quarter, compared to analysts’ expectations 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.