Discovery Silver (CVE:DSV) Stock Price Down 7% – Time to Sell?

Discovery Silver Corp. (CVE:DSV)’s stock price traded down 7% on Tuesday . The stock traded as low as C$1.33 and last traded at C$1.33. 392,990 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 239,627 shares. The stock had previously closed at C$1.43.

Discovery Silver Trading Down 7.0 %

The firm has a market cap of C$467.15 million and a PE ratio of -11.57. The company’s fifty day moving average price is C$1.33 and its two-hundred day moving average price is C$1.33. 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

In related news, Senior Officer Forbes Gemmell sold 95,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were 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.