Discovery Silver (TSE:DSV) Insider Sells C$2,670,000.00 in Stock

Discovery Silver Corp. (TSE:DSV) insider Forbes Gemmell sold 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of C$8.90, for a total transaction of C$2,670,000.00. Following the completion of the transaction, the insider owned 566,157 shares in the company, valued at approximately C$5,038,797.30. This represents a 34.64% decrease in their position.

Discovery Silver Stock Up 3.1%

Discovery Silver stock opened at C$8.96 on Tuesday. Discovery Silver Corp. has a 12 month low of C$0.88 and a 12 month high of C$9.54. The stock has a market cap of C$7.23 billion, a P/E ratio of 198.40 and a beta of 2.38. The company’s fifty day simple moving average is C$7.62 and its 200-day simple moving average is C$5.44.

Discovery Silver (TSE:DSV) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$329.95 million for the quarter.

About Discovery Silver

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.