Discovery Silver (TSE:DSV) Shares Down 4.7% – Time to Sell?

Discovery Silver Corp. (TSE:DSV)’s share price traded down 4.7% during mid-day trading on Thursday . The company traded as low as C$8.17 and last traded at C$8.40. 2,654,810 shares traded hands during trading, a decline of 13% from the average session volume of 3,063,718 shares. The stock had previously closed at C$8.81.

Discovery Silver Stock Up 3.5%

The firm has a market cap of C$7.01 billion, a PE ratio of 192.42 and a beta of 2.38. The business has a 50-day moving average price of C$7.55 and a two-hundred day moving average price of C$5.37.

Discovery Silver (TSE:DSV) last released its earnings results on Thursday, November 13th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$329.95 million during the quarter.

Insider Activity at Discovery Silver

In other news, insider Forbes Gemmell sold 300,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$8.90, for a total transaction of C$2,670,000.00. Following the completion of the transaction, the insider directly owned 566,157 shares of the company’s stock, valued at approximately C$5,038,797.30. The trade was a 34.64% decrease in their ownership of the stock. Corporate insiders own 23.60% of the company’s stock.

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.