Discovery Silver (CVE:DSV) Trading Down 7% – Time to Sell?

Discovery Silver Corp. (CVE:DSV)’s share price was down 7% during mid-day trading on Wednesday . The stock traded as low as C$1.33 and last traded at C$1.33. 392,990 shares changed hands during 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 Trading Down 7.0%

The business’s 50 day simple moving average is C$1.33 and its 200 day simple moving average is C$1.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 41.84 and a quick ratio of 18.89. The company has a market capitalization of C$644.74 million and a price-to-earnings ratio of -34.35.

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. The company was formerly known as Discovery Metals Corp. and changed its name to Discovery Silver Corp.