Discovery Silver (CVE:DSV) Trading Down 7% – Should You Sell?

Discovery Silver Corp. (CVE:DSV) shares traded down 7% during mid-day trading on Wednesday . The company traded as low as C$1.33 and last traded at C$1.33. 392,990 shares traded 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 Analyst Weigh In

Separately, Scotiabank set a C$15.00 target price on Discovery Silver and gave the stock an “outperform” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Discovery Silver currently has a consensus rating of “Buy” and a consensus price target of C$10.06.

Discovery Silver Price Performance

The company’s 50-day moving average price is C$1.33 and its two-hundred day moving average price 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 P/E 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.