Discovery Silver (TSE:DSV) Trading 16.1% Higher – Here’s What Happened

Discovery Silver Corp. (TSE:DSV)’s share price shot up 16.1% during trading on Monday . The stock traded as high as C$6.44 and last traded at C$6.43. 1,135,051 shares changed hands during trading, a decline of 63% from the average session volume of 3,072,450 shares. The stock had previously closed at C$5.54.

Discovery Silver Stock Up 16.2%

The business has a 50-day simple moving average of C$5.07 and a two-hundred day simple moving average of C$3.88. The stock has a market capitalization of C$5.17 billion, a P/E ratio of -259.27 and a beta of 1.90.

Insider Buying and Selling at Discovery Silver

In other news, insider 2176423 Ontario Ltd. sold 1,500,000 shares of Discovery Silver stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of C$4.64, for a total value of C$6,960,000.00. Following the completion of the transaction, the insider owned 87,045,498 shares in the company, valued at approximately C$403,891,110.72. The trade was a 1.69% decrease in their ownership of the stock. Also, Director Eric Sprott sold 1,500,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of C$4.64, for a total transaction of C$6,960,000.00. Following the completion of the transaction, the director directly owned 87,045,498 shares of the company’s stock, valued at approximately C$403,891,110.72. This represents a 1.69% decrease in their ownership of the stock. Insiders have sold a total of 7,000,000 shares of company stock worth $33,186,000 over the last ninety days. Corporate 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.