Discovery Silver (TSE:DSV) Reaches New 52-Week High – Time to Buy?

by · The Markets Daily

Discovery Silver Corp. (TSE:DSV – Get Free Report)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$8.59 and last traded at C$8.53, with a volume of 516486 shares trading hands. The stock had previously closed at C$8.20.

Discovery Silver Price Performance

The firm has a market capitalization of C$6.64 billion, a price-to-earnings ratio of 182.24 and a beta of 1.99. The business’s 50 day moving average price is C$6.16 and its 200-day moving average price is C$4.59.

Discovery Silver (TSE:DSV – Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.08 EPS for the quarter. The firm had revenue of C$329.95 million during the quarter.

Insider Activity at Discovery Silver

In other Discovery Silver news, insider Sprott Mining Inc. sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of C$5.52, for a total value of C$5,520,000.00. Following the completion of the sale, the insider owned 43,221,500 shares of the company’s stock, valued at approximately C$238,582,680. This trade represents a 2.26% decrease in their ownership of the stock. Also, Director Eric Sprott sold 1,000,000 shares of the company’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of C$5.52, for a total transaction of C$5,520,000.00. Following the transaction, the director directly owned 43,221,500 shares in the company, valued at approximately C$238,582,680. This trade represents a 2.26% decrease in their ownership of the stock. 23.60% of the stock is owned by company insiders.

About Discovery Silver

(Get Free Report)

Discovery Silver Corp is an exploration and development company building a large-scale, high-margin silver asset in Mexico. Its flagship project is the Cordero project, one of the few silver projects globally that offer margin, size, and scaleability. The project is located in a prolific mining belt in Chihuahua State, Mexico.

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