Discovery Silver (CVE:DSV) Shares Down 7% – Here’s What Happened

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

Discovery Silver Stock Performance

The firm has a fifty day simple moving average of C$1.33 and a 200 day simple moving average of C$1.33. The company has a current ratio of 41.84, a quick ratio of 18.89 and a debt-to-equity ratio of 0.04. The stock has a market cap of C$644.74 million and a price-to-earnings 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.