Dolly Varden Silver (CVE:DV) Stock Price Down 5.2% – Here’s What Happened

Dolly Varden Silver Co. (CVE:DV) was down 5.2% during trading on Monday . The company traded as low as C$0.91 and last traded at C$0.91. Approximately 172,108 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 304,562 shares. The stock had previously closed at C$0.96.

Analyst Upgrades and Downgrades

Separately, Raymond James boosted their target price on shares of Dolly Varden Silver from C$1.25 to C$1.60 and gave the company an “outperform” rating in a research note on Tuesday, October 1st.

Dolly Varden Silver Stock Up 4.4 %

The company’s 50-day moving average is C$1.15 and its two-hundred day moving average is C$1.10. The company has a market capitalization of C$298.60 million, a P/E ratio of -10.56 and a beta of 1.38.

Insiders Place Their Bets

In other news, insider Fury Gold Mines Limited sold 3,000,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$1.12, for a total value of C$3,356,400.00. Also, Director Darren Devine sold 75,776 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$1.22, for a total value of C$92,446.72. Insiders sold a total of 3,338,276 shares of company stock valued at $3,811,659 over the last 90 days. Insiders own 43.56% of the company’s stock.

Dolly Varden Silver Company Profile

Dolly Varden Silver Corporation engages in the acquisition and exploration of mineral properties in Canada. It explores for gold, silver, lead, zinc, and copper deposits. The company holds 100% interests in the Kitsault Valley project, which comprises the Dolly Varden property and the Homestake Ridge property located in the Golden Triangle of British Columbia, Canada; and the Big Bulk property located in Canada.