Discovery Silver (TSE:DSV) Insider Sells C$5,520,000.00 in Stock

Discovery Silver Corp. (TSE:DSV) insider Sprott Mining Inc. sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of C$5.52, for a total value of C$5,520,000.00. Following the completion of the sale, the insider directly owned 43,221,500 shares of the company’s stock, valued at C$238,582,680. This represents a 2.26% decrease in their ownership of the stock.

Sprott Mining Inc. also recently made the following trade(s):

• On Thursday, September 11th, Sprott Mining Inc. sold 250,000 shares of Discovery Silver stock. The shares were sold at an average price of C$4.60, for a total value of C$1,150,000.00.

Discovery Silver Price Performance

DSV opened at C$5.99 on Friday. The business has a 50 day simple moving average of C$4.65 and a 200-day simple moving average of C$3.52. The stock has a market capitalization of C$4.81 billion, a P/E ratio of -241.15 and a beta of 1.86. Discovery Silver Corp. has a 12 month low of C$0.65 and a 12 month high of C$6.13.

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.