Discovery Silver (TSE:DSV) Trading Down 10.1% – Time to Sell?

Discovery Silver Corp. (TSE:DSV) shares were down 10.1% during trading on Thursday . The stock traded as low as C$9.91 and last traded at C$9.92. Approximately 3,618,700 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 3,944,834 shares. The stock had previously closed at C$11.04.

Discovery Silver Trading Up 2.6%

The stock has a market cap of C$8.21 billion, a PE ratio of 225.42 and a beta of 2.79. The business has a fifty day simple moving average of C$9.33 and a two-hundred day simple moving average of C$6.58.

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

Insider Activity at Discovery Silver

In other news, insider Forbes Gemmell sold 300,000 shares of Discovery Silver stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$8.90, for a total value of C$2,670,000.00. Following the completion of the transaction, the insider owned 566,157 shares of the company’s stock, valued at C$5,038,797.30. The trade was a 34.64% decrease in their position. Corporate insiders own 23.60% of the company’s stock.

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.