Discovery Silver (TSE:DSV) Sets New 1-Year High – What’s Next?

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

Discovery Silver Stock Up 6.4%

The firm’s 50-day moving average price is C$8.33 and its two-hundred day moving average price is C$5.84. The firm has a market capitalization of C$9.39 billion, a PE ratio of 257.74 and a beta of 2.38.

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

Insiders Place Their Bets

In other Discovery Silver news, insider Forbes Gemmell sold 300,000 shares of the 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 value of C$2,670,000.00. Following the completion of the sale, the insider owned 566,157 shares in the company, valued at C$5,038,797.30. This represents a 34.64% decrease in their position. 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.