Insider Selling: Discovery Silver Corp. (CVE:DSV) Senior Officer Sells 95,000 Shares of Stock

Discovery Silver Corp. (CVE:DSV) Senior Officer Forbes Gemmell sold 95,000 shares of the firm’s 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 Price Performance

Shares of CVE DSV traded down C$0.10 during midday trading on Friday, hitting C$1.33. 392,990 shares of the company’s stock were exchanged, compared to its average volume of 239,627. The business’s fifty day moving average price is C$1.33 and its two-hundred day moving average price is C$1.33. The company has a market cap 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. Discovery Silver Corp. has a 12-month low of C$0.87 and a 12-month high of C$2.16.

Wall Street Analyst Weigh In

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

About Discovery Silver

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.