Discovery Silver (CVE:DSV) Trading Down 7% – What’s Next?

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Cormark lifted their price objective on Discovery Silver from C$5.00 to C$6.00 in a report on Tuesday, September 16th. Raymond James Financial increased their target price on Discovery Silver from C$5.75 to C$6.75 in a research note on Friday, October 10th. Finally, CIBC lifted their price target on Discovery Silver from C$8.00 to C$9.50 in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$6.05.

Discovery Silver Stock Down 7.0%

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

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.