Discovery Silver (TSE:DSV) Hits New 12-Month High – What’s Next?

Shares of Discovery Silver Corp. (TSE:DSV) hit a new 52-week high on Friday . The stock traded as high as C$9.54 and last traded at C$9.43, with a volume of 1298976 shares trading hands. The stock had previously closed at C$9.09.

Discovery Silver Trading Up 8.8%

The company has a market capitalization of C$7.98 billion, a price-to-earnings ratio of 218.99 and a beta of 2.38. The company’s 50 day simple moving average is C$7.85 and its 200-day simple moving average is C$5.54.

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

Insider Buying and Selling at Discovery Silver

In other news, insider Forbes Gemmell sold 300,000 shares of the firm’s stock in a transaction on 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 sale, the insider owned 566,157 shares in the company, valued at C$5,038,797.30. This trade represents a 34.64% decrease in their ownership of the stock. 23.60% of the stock is currently owned by corporate insiders.

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.