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

Discovery Silver Corp. (CVE:DSV)’s stock price traded down 7% on Monday . 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 session volume of 239,627 shares. The stock had previously closed at C$1.43.

Discovery Silver Stock Down 7.0 %

The company has a current ratio of 5.96, a quick ratio of 18.89 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of C$644.74 million and a PE ratio of -34.35. The stock’s fifty day simple moving average is C$1.33 and its 200-day simple moving average is C$1.33.

Insider Activity at Discovery Silver

In other news, Senior Officer Forbes Gemmell sold 41,879 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of C$1.60, for a total transaction of C$67,006.40. Also, Director Anthony Paul Makuch sold 211,486 shares of Discovery Silver stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of C$1.54, for a total transaction of C$325,265.47. Insiders have sold 583,293 shares of company stock valued at $918,636 over the last ninety days.

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.