Discovery Silver (CVE:DSV) Trading Down 7% – What’s Next?

Discovery Silver Corp. (CVE:DSV)’s share price dropped 7% on Monday . The company traded as low as C$1.33 and last traded at C$1.33. Approximately 392,989 shares traded hands during mid-day 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 company has a quick ratio of 18.89, a current ratio of 18.98 and a debt-to-equity ratio of 0.53. The company has a market cap of C$467.15 million and a P/E ratio of -11.57. The business has a 50-day moving average price of C$1.33 and a two-hundred day moving average price of C$1.33.

Insiders Place Their Bets

In other news, Senior Officer Forbes Gemmell sold 95,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of C$1.03, for a total transaction of C$97,850.00.

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.