Discovery Silver (CVE:DSV) Trading Down 7% – Here’s Why

Shares of Discovery Silver Corp. (CVE:DSV) fell 7% during trading on Friday . The company traded as low as C$1.33 and last traded at C$1.33. 392,990 shares were traded 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 Analyst Weigh In

Several brokerages have issued reports on DSV. CIBC increased their target price on shares of Discovery Silver from C$8.00 to C$9.50 in a report on Friday, November 14th. Raymond James Financial boosted their price objective on shares of Discovery Silver from C$5.75 to C$6.75 in a report on Friday, October 10th. Finally, Cormark increased their price target on Discovery Silver from C$5.00 to C$6.00 in a research report on Tuesday, September 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$6.05.

Discovery Silver Trading Down 7.0%

The company has a fifty day simple moving average of C$1.33 and a two-hundred day simple moving average of C$1.33. The company has a market cap of C$644.74 million and a PE ratio of -34.35. The company has a current ratio of 5.96, a quick ratio of 18.89 and a debt-to-equity ratio of 0.29.

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.