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

Discovery Silver Corp. (CVE:DSV) fell 7% on Wednesday . The stock traded as low as C$1.33 and last traded at C$1.33. 392,990 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 239,627 shares. The stock had previously closed at C$1.43.

Wall Street Analysts Forecast Growth

Separately, Eight Capital increased their target price on shares of Discovery Silver from C$2.65 to C$2.70 in a research note on Thursday, July 11th.

Discovery Silver Trading Down 7.0 %

The stock has a market cap of C$467.15 million and a P/E ratio of -11.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 18.98 and a quick ratio of 18.89. The business’s 50 day simple moving average is C$1.33 and its 200 day simple moving average is C$1.33.

Insiders Place Their Bets

In other Discovery Silver news, Director Moira Tracey Smith sold 350,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$0.70, for a total transaction of C$245,000.00.

About Discovery Silver

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.