Eric Sprott Sells 250,000 Shares of Discovery Silver (TSE:DSV) Stock

Discovery Silver Corp. (TSE:DSV) Director Eric Sprott sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of C$4.60, for a total value of C$1,150,000.00. Following the completion of the transaction, the director owned 44,750,000 shares of the company’s stock, valued at approximately C$205,850,000. This represents a 0.56% decrease in their ownership of the stock.

Eric Sprott also recently made the following trade(s):

• On Wednesday, September 10th, Eric Sprott sold 1,500,000 shares of Discovery Silver stock. The shares were sold at an average price of C$4.64, for a total value of C$6,960,000.00.
• On Thursday, August 14th, Eric Sprott sold 250,000 shares of Discovery Silver stock. The stock was sold at an average price of C$3.95, for a total value of C$988,000.00.
• On Thursday, August 14th, Eric Sprott sold 500,000 shares of Discovery Silver stock. The stock was sold at an average price of C$3.95, for a total value of C$1,975,000.00.
• On Monday, August 18th, Eric Sprott bought 200,000 shares of Discovery Silver stock. The shares were acquired at an average price of C$3.84 per share, with a total value of C$768,000.00.

Discovery Silver Trading Up 7.8%

Shares of TSE DSV opened at C$4.96 on Friday. Discovery Silver Corp. has a 12 month low of C$0.64 and a 12 month high of C$4.98. The stock has a 50 day moving average of C$3.73 and a 200-day moving average of C$2.98. The company has a market capitalization of C$3.98 billion, a P/E ratio of -199.69 and a beta of 1.92.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upgraded Discovery Silver to a “moderate buy” rating in a research note on Monday, May 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Discovery Silver Company Profile

Discovery Silver Corp is an exploration and development company building a large-scale, high-margin silver asset in Mexico. Its flagship project is the Cordero project, one of the few silver projects globally that offer margin, size, and scaleability. The project is located in a prolific mining belt in Chihuahua State, Mexico.