Dolly Varden Silver (CVE:DV) Trading Down 0.5% – Here’s What Happened

Dolly Varden Silver Co. (CVE:DV)’s stock price was down 0.5% during mid-day trading on Monday . The stock traded as low as C$0.93 and last traded at C$0.95. Approximately 173,500 shares were traded during trading, a decline of 5% from the average daily volume of 183,200 shares. The stock had previously closed at C$0.95.

Wall Street Analyst Weigh In

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

Dolly Varden Silver Trading Down 0.5 %

The stock has a market capitalization of C$297.03 million, a price-to-earnings ratio of -10.50 and a beta of 1.38. The stock’s 50 day moving average is C$1.06 and its 200 day moving average is C$1.10.

Insider Buying and Selling

In related news, Director Robert John Mcleod sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of C$1.39, for a total value of C$346,925.00. Also, Director Darren Devine sold 75,776 shares of Dolly Varden Silver stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$1.22, for a total transaction of C$92,446.72. In the last quarter, insiders sold 338,276 shares of company stock worth $455,259. 43.56% of the stock is owned by corporate insiders.

Dolly Varden Silver Company Profile

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.