Discovery Silver (TSE:DSV) Trading Down 10.1% – What’s Next?

Discovery Silver Corp. (TSE:DSV)’s stock price dropped 10.1% during trading on Thursday . The company traded as low as C$9.91 and last traded at C$9.92. Approximately 3,618,700 shares traded hands during trading, a decline of 8% from the average daily volume of 3,944,834 shares. The stock had previously closed at C$11.04.

Discovery Silver Trading Down 10.1%

The company has a market capitalization of C$8.00 billion, a PE ratio of 219.66 and a beta of 2.79. The business’s fifty day moving average is C$9.28 and its two-hundred day moving average is C$6.53.

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

Insiders Place Their Bets

In other Discovery Silver news, insider Forbes Gemmell sold 300,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately C$5,038,797.30. This represents a 34.64% decrease in their position. Company insiders own 23.60% of the company’s stock.

Discovery Silver Company Profile

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.