Discovery Silver (CVE:DSV) Stock Price Down 7% – Here’s Why

Discovery Silver Corp. (CVE:DSV) fell 7% on Wednesday . The stock traded as low as C$1.33 and last traded at C$1.33. 392,990 shares were traded during trading, an increase of 64% from the average session volume of 239,627 shares. The stock had previously closed at C$1.43.

Analyst Upgrades and Downgrades

DSV has been the topic of a number of research analyst reports. Scotiabank set a C$15.00 target price on Discovery Silver and gave the company an “outperform” rating in a report on Wednesday, April 1st. Canadian Imperial Bank of Commerce boosted their price target on Discovery Silver from C$9.50 to C$12.50 in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Discovery Silver has an average rating of “Buy” and an average target price of C$8.85.

Discovery Silver Price Performance

The company has a debt-to-equity ratio of 1.60, a quick ratio of 18.89 and a current ratio of 1.85. The company has a market cap of C$644.74 million and a price-to-earnings ratio of -34.35. The business has a fifty day moving average price of C$1.33 and a 200 day moving average price of C$1.33.

Discovery Silver Company Profile

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. The company was formerly known as Discovery Metals Corp. and changed its name to Discovery Silver Corp.