Discovery Silver (TSE:DSV) Hits New 12-Month High – Should You Buy?

Discovery Silver Corp. (TSE:DSV) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$10.30 and last traded at C$10.27, with a volume of 1506823 shares trading hands. The stock had previously closed at C$9.75.

Discovery Silver Price Performance

The stock has a market cap of C$8.74 billion, a price-to-earnings ratio of 239.81 and a beta of 2.38. The company’s fifty day simple moving average is C$8.15 and its two-hundred day simple moving average is C$5.75.

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

Insider Buying and Selling

In other news, insider Forbes Gemmell sold 300,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 566,157 shares of the company’s stock, valued at C$5,038,797.30. This represents a 34.64% decrease in their ownership of the stock. 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.