Discovery Silver (CVE:DSV) Stock Price Down 7%

Discovery Silver Corp. (CVE:DSV)’s share price dropped 7% during mid-day trading on Wednesday . The stock traded as low as C$1.33 and last traded at C$1.33. Approximately 392,990 shares changed hands during trading, an increase of 64% from the average daily volume of 239,627 shares. The stock had previously closed at C$1.43.

Wall Street Analyst Weigh In

Separately, Eight Capital boosted their price objective on shares of Discovery Silver from C$2.65 to C$2.70 in a research report on Thursday, July 11th.

Discovery Silver Stock Down 7.0 %

The firm has a market cap of C$467.15 million and a price-to-earnings ratio of -11.57. The company has a quick ratio of 18.89, a current ratio of 18.98 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average price of C$1.33 and a 200-day moving average price of C$1.33.

Insider Buying and Selling at Discovery Silver

In other news, Director Moira Tracey Smith sold 350,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$0.70, for a total transaction of C$245,000.00. In other news, Director Moira Tracey Smith sold 350,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$0.70, for a total transaction of C$245,000.00. Also, Senior Officer Jose Rafael Jabalera Batsita sold 56,253 shares of the stock in a transaction on Saturday, July 13th. The stock was sold at an average price of C$1.05, for a total value of C$59,065.65. Insiders sold 806,253 shares of company stock worth $724,726 in the last 90 days.

Discovery Silver Company Profile

Discovery Silver Corp., a mineral exploration company, engages in the exploration and development of polymetallic deposits. The company's flagship property is the Cordero silver project, which covers an area of approximately 35,000 hectares located in the Chihuahua state, Mexico. It also holds option agreement to purchase 100% interest in the Puerto Rico, La Kika, Minerva, Monclova, and Santa Rosa projects in Mexico.