Defiance Silver (CVE:DEF) Trading 12.5% Higher – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

Defiance Silver Stock Up 15.6 %

The company has a market cap of C$100.73 million, a price-to-earnings ratio of -10.00 and a beta of 2.95. The stock has a fifty day moving average price of C$0.25 and a two-hundred day moving average price of C$0.25. The company has a quick ratio of 12.57, a current ratio of 2.41 and a debt-to-equity ratio of 8.70.

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