Forbes Gemmell Sells 300,000 Shares of Discovery Silver (TSE:DSV) Stock

Discovery Silver Corp. (TSE:DSV) insider Forbes Gemmell sold 300,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$8.90, for a total value of C$2,670,000.00. Following the transaction, the insider 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.

Discovery Silver Price Performance

Shares of DSV traded up C$0.29 during trading hours on Friday, reaching C$8.69. 4,362,486 shares of the company’s stock traded hands, compared to its average volume of 3,280,179. The firm has a market capitalization of C$7.01 billion, a price-to-earnings ratio of 192.42 and a beta of 2.38. The business’s fifty day simple moving average is C$7.55 and its two-hundred day simple moving average is C$5.37. Discovery Silver Corp. has a twelve month low of C$0.87 and a twelve month high of C$9.54.

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 firm had revenue of C$329.95 million for the quarter.

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.