Dolly Varden Silver (CVE:DV) Shares Down 5.2% – Should You Sell?

Dolly Varden Silver Co. (CVE:DV) shares dropped 5.2% during mid-day trading on Monday . The company traded as low as C$0.91 and last traded at C$0.91. Approximately 172,108 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 304,562 shares. The stock had previously closed at C$0.96.

Analyst Upgrades and Downgrades

Separately, Raymond James upped their price target on Dolly Varden Silver from C$1.25 to C$1.60 and gave the company an “outperform” rating in a research note on Tuesday, October 1st.

Dolly Varden Silver Stock Down 5.2 %

The stock has a market capitalization of C$286.03 million, a PE ratio of -10.11 and a beta of 1.38. The business’s 50-day moving average is C$1.16 and its two-hundred day moving average is C$1.10.

Insider Activity at Dolly Varden Silver

In other Dolly Varden Silver news, Director Robert John Mcleod sold 250,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of C$1.39, for a total value of C$346,925.00. Also, insider Fury Gold Mines Limited sold 3,000,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$1.12, for a total transaction of C$3,356,400.00. Insiders sold a total of 3,338,276 shares of company stock worth $3,811,659 in the last 90 days. 43.56% of the stock is owned by insiders.

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.