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

Discovery Silver Corp. (CVE:DSV) shares traded down 7% during trading on Monday . The company traded as low as C$1.33 and last traded at C$1.33. 392,990 shares traded 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 Stock Down 7.0 %

The company has a quick ratio of 18.89, a current ratio of 5.96 and a debt-to-equity ratio of 0.29. The stock has a market cap of C$644.74 million and a PE ratio of -34.35. The business has a 50 day moving average price of C$1.33 and a 200 day moving average price of C$1.33.

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.