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

Discovery Silver Corp. (CVE:DSV) shares dropped 7% during trading on Monday . The stock traded as low as C$1.33 and last traded at C$1.33. Approximately 392,990 shares changed 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 Trading Down 7.0 %

The firm has a market capitalization of C$644.74 million and a P/E 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. The firm has a 50 day moving average of C$1.33 and a 200-day moving average of C$1.33.

Insider Transactions at Discovery Silver

In related news, Senior Officer Dimitri Demianyuk sold 33,026 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$1.54, for a total transaction of C$50,860.04. Also, Director Anthony Paul Makuch sold 266,630 shares of the business’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$427,674.52. In the last three months, insiders have sold 583,293 shares of company stock valued at $918,636.

About Discovery Silver

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.