Discovery Silver (TSE:DSV) Issues Earnings Results

Discovery Silver (TSE:DSV) announced its quarterly earnings data on Thursday. The company reported C$0.05 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$329.95 million during the quarter.

Discovery Silver Stock Performance

TSE:DSV traded down C$0.14 during trading hours on Friday, hitting C$6.58. The company’s stock had a trading volume of 348,329 shares, compared to its average volume of 3,083,842. The company has a market capitalization of C$5.28 billion, a PE ratio of -264.91 and a beta of 1.90. Discovery Silver has a 52-week low of C$0.65 and a 52-week high of C$7.24. The business’s 50-day moving average is C$5.24 and its two-hundred day moving average is C$3.97.

Insider Activity

In other news, Director Eric Sprott sold 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$4.64, for a total transaction of C$6,960,000.00. Following the sale, the director owned 87,045,498 shares of the company’s stock, valued at C$403,891,110.72. The trade was a 1.69% decrease in their position. Also, insider Sprott Mining Inc. sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of C$5.52, for a total value of C$5,520,000.00. Following the completion of the sale, the insider owned 43,221,500 shares in the company, valued at approximately C$238,582,680. This represents a 2.26% decrease in their position. Insiders sold 5,500,000 shares of company stock worth $27,260,000 in the last 90 days. 23.60% of the stock is currently owned by corporate insiders.

About Discovery Silver

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.