Defiance Silver (CVE:DEF) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Defiance Silver Corp. (CVE:DEF)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.25 and traded as low as C$0.23. Defiance Silver shares last traded at C$0.23, with a volume of 679,004 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DEF shares. Northland Capmk upgraded shares of Defiance Silver to a “strong-buy” rating in a research note on Wednesday, January 15th. HC Wainwright raised Defiance Silver to a “strong-buy” rating in a research report on Thursday, December 12th.

Defiance Silver Stock Down 6.1 %

The firm has a market cap of C$62.56 million, a P/E ratio of -18.63 and a beta of 2.95. The stock’s 50-day moving average is C$0.25 and its 200-day moving average is C$0.25.

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.