Dolly Varden Silver (CVE:DV) Reaches New 12-Month Low – Here’s Why

Dolly Varden Silver Co. (CVE:DV) shares hit a new 52-week low on Wednesday . The company traded as low as C$3.21 and last traded at C$3.21, with a volume of 109565 shares changing hands. The stock had previously closed at C$3.45.

Dolly Varden Silver Price Performance

The company has a 50-day simple moving average of C$1.16 and a 200-day simple moving average of C$1.12. The stock has a market cap of C$986.73 million, a PE ratio of -41.18 and a beta of 1.38.

Insider Activity at Dolly Varden Silver

In related news, Director Robert John Mcleod sold 30,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of C$0.98, for a total transaction of C$29,400.00. Corporate insiders own 43.56% of the company’s stock.

Dolly Varden Silver Company Profile

Dolly Varden Silver Corporation engages in the acquisition and exploration of mineral properties in Canada. It explores for gold, silver, lead, zinc, and copper deposits. The company holds 100% interests in the Kitsault Valley project, which comprises the Dolly Varden property and the Homestake Ridge property located in the Golden Triangle of British Columbia, Canada; and the Big Bulk property located in Canada.