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

Discovery Silver Corp. (CVE:DSV)’s stock price traded down 7% on Wednesday . The company traded as low as C$1.33 and last traded at C$1.33. 392,990 shares were traded during trading, an increase of 64% from the average daily volume of 239,627 shares. The stock had previously closed at C$1.43.

Analyst Upgrades and Downgrades

Separately, Scotiabank set a C$15.00 price target on Discovery Silver and gave the stock an “outperform” rating in a report on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$10.06.

Discovery Silver Trading Down 7.0%

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 cap of C$644.74 million and a price-to-earnings ratio of -34.35. The business’s 50-day simple moving average is C$1.33 and its 200-day simple moving average is C$1.33.

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. The company was formerly known as Discovery Metals Corp. and changed its name to Discovery Silver Corp.