Dolly Varden Silver Co. (CVE:DV) Insider Sells C$3,356,400.00 in Stock

Dolly Varden Silver Co. (CVE:DV) insider Fury Gold Mines Limited sold 3,000,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$1.12, for a total value of C$3,356,400.00.

Dolly Varden Silver Trading Down 0.9 %

DV stock traded down C$0.01 during midday trading on Monday, hitting C$1.14. The stock had a trading volume of 15,667 shares, compared to its average volume of 268,237. The firm has a market capitalization of C$354.22 million, a price-to-earnings ratio of -12.78 and a beta of 1.37. Dolly Varden Silver Co. has a 52 week low of C$0.62 and a 52 week high of C$1.29. The stock has a 50-day simple moving average of C$1.07 and a 200 day simple moving average of C$1.04.

Dolly Varden Silver (CVE:DV) last issued its earnings results on Thursday, August 22nd. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.01). On average, equities analysts forecast that Dolly Varden Silver Co. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on DV. Haywood Securities upgraded Dolly Varden Silver to a “strong-buy” rating in a report on Thursday, August 15th. Raymond James raised their price objective on shares of Dolly Varden Silver from C$1.25 to C$1.60 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st.

About Dolly Varden Silver

Dolly Varden Silver Corporation engages in the acquisition and exploration of mineral properties in Canada. It explores for gold, silver, lead, zinc, and copper deposits. The company holds 100% interests in the Kitsault Valley project, which comprises the Dolly Varden property and the Homestake Ridge property located in the Golden Triangle of British Columbia, Canada; and the Big Bulk property located in Canada.