Discovery Silver (TSE:DSV) Stock Price Down 6.4% – Here’s Why

Discovery Silver Corp. (TSE:DSV) fell 6.4% during trading on Wednesday . The company traded as low as C$9.60 and last traded at C$9.69. 587,975 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 3,629,529 shares. The stock had previously closed at C$10.35.

Discovery Silver Stock Down 7.6%

The stock has a fifty day moving average of C$9.89 and a 200-day moving average of C$7.41. The stock has a market capitalization of C$7.71 billion, a PE ratio of 211.69 and a beta of 2.50.

Discovery Silver (TSE:DSV) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.19 earnings per share (EPS) for the quarter. The firm had revenue of C$368.88 million for the quarter. Discovery Silver had a return on equity of 27.12% and a net margin of 18.52%.

Insider Activity

In related news, insider Forbes Gemmell sold 300,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of C$8.90, for a total transaction 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. Insiders own 23.60% of the company’s stock.

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.