Defiance Silver (CVE:DEF) Sets New 52-Week High – Time to Buy?

Defiance Silver Corp. (CVE:DEF) reached a new 52-week high on Tuesday . The company traded as high as C$0.44 and last traded at C$0.42, with a volume of 3270459 shares. The stock had previously closed at C$0.40.

Analysts Set New Price Targets

Separately, Benchmark raised Defiance Silver to a “strong-buy” rating in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Defiance Silver Trading Up 5.0%

The company’s 50-day moving average is C$0.24 and its two-hundred day moving average is C$0.23. The stock has a market capitalization of C$152.89 million, a P/E ratio of -42.00 and a beta of 2.11.

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. Defiance Silver Corp. was incorporated in 2007 and is based in Vancouver, Canada.