Discovery Silver (CVE:DSV) Stock Price Down 7% – Time to Sell?

by · The Markets Daily

Discovery Silver Corp. (CVE:DSV – Get Free Report) shares were down 7% on Tuesday . The company traded as low as C$1.33 and last traded at C$1.33. Approximately 392,990 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 239,627 shares. The stock had previously closed at C$1.43.

Discovery Silver Price Performance

The stock’s fifty day moving average price is C$1.33 and its two-hundred day moving average price is C$1.33. The firm has a market capitalization of C$467.15 million and a price-to-earnings ratio of -11.57. The company has a current ratio of 18.98, a quick ratio of 18.89 and a debt-to-equity ratio of 0.53.

Insider Activity

In related news, Senior Officer Forbes Gemmell sold 95,000 shares of Discovery Silver stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of C$1.03, for a total transaction of C$97,850.00.

Discovery Silver Company Profile

(Get Free Report)

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.

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