Discovery Silver (CVE:DSV) Stock Price Down 7% – Here’s What Happened

by · The Cerbat Gem

Discovery Silver Corp. (CVE:DSV – Get Free Report) dropped 7% during mid-day trading on Tuesday . The stock traded as low as C$1.33 and last traded at C$1.33. Approximately 392,990 shares were traded during 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 Stock Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 18.98 and a quick ratio of 18.89. The stock’s 50-day moving average is C$1.33 and its 200 day moving average is C$1.33. The stock has a market cap of C$467.15 million and a price-to-earnings ratio of -11.57.

Insider Activity

In other news, Senior Officer Forbes Gemmell sold 95,000 shares of the company’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 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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