BMO Capital Markets Forecasts Strong Price Appreciation for Discovery Silver (CVE:DSV) Stock

Discovery Silver (CVE:DSV) had its price target increased by BMO Capital Markets from C$2.00 to C$4.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Discovery Silver Stock Down 7.0 %

DSV stock opened at C$1.33 on Thursday. The firm has a market cap of C$644.74 million and a PE ratio of -34.35. Discovery Silver has a one year low of C$0.87 and a one year high of C$2.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 18.89 and a current ratio of 5.96. The firm’s 50 day moving average price is C$1.33 and its 200-day moving average price is C$1.33.

Insider Buying and Selling

In other news, Senior Officer Forbes Gemmell sold 30,272 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$1.58, for a total transaction of C$47,829.76. Also, Director William Murray John sold 200,000 shares of Discovery Silver stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of C$2.03, for a total value of C$406,000.00. In the last ninety days, insiders sold 783,293 shares of company stock valued at $1,324,636.

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.