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

Discovery Silver Corp. (CVE:DSV)’s stock price dropped 7% during trading on Tuesday . The stock traded as low as C$1.33 and last traded at C$1.33. Approximately 392,990 shares changed hands 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 Trading Down 7.0 %

The stock’s fifty day simple moving average is C$1.33 and its two-hundred day simple moving average is C$1.33. The firm has a market cap of C$467.15 million and a PE ratio of -11.57. The company has a quick ratio of 18.89, a current ratio of 18.98 and a debt-to-equity ratio of 0.53.

Insider Activity at Discovery Silver

In other Discovery Silver news, Senior Officer Forbes Gemmell sold 95,000 shares of Discovery Silver stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of C$1.03, for a total value of C$97,850.00.

Discovery Silver Company Profile

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.