Dolly Varden Silver (NYSEAMERICAN:DVS) Trading Down 2.3% – What’s Next?

Dolly Varden Silver Corp (NYSEAMERICAN:DVS)’s share price was down 2.3% during trading on Monday . The company traded as low as $3.74 and last traded at $3.80. Approximately 1,249,213 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 1,190,005 shares. The stock had previously closed at $3.89.

Dolly Varden Silver Stock Performance

The firm has a market capitalization of $297.79 million and a PE ratio of -10.12. The business’s fifty day moving average is $4.67.

Hedge Funds Weigh In On Dolly Varden Silver

Several large investors have recently bought and sold shares of DVS. Rathbones Group PLC bought a new stake in shares of Dolly Varden Silver in the fourth quarter valued at about $45,000. Pinnacle Wealth Management Group Inc. boosted its stake in Dolly Varden Silver by 35.1% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 50,000 shares of the company’s stock valued at $220,000 after buying an additional 13,000 shares in the last quarter. Auxano Advisors LLC acquired a new stake in shares of Dolly Varden Silver in the 4th quarter valued at $485,000. HighTower Advisors LLC acquired a new position in Dolly Varden Silver in the fourth quarter valued at about $268,000. Finally, MMCAP International Inc. SPC acquired a new position in shares of Dolly Varden Silver in the 4th quarter worth approximately $110,000.

About Dolly Varden Silver

Dolly Varden Silver is a Canadian mineral exploration and development company focused on the discovery, definition and advancement of silver- and gold-bearing projects in northwestern British Columbia. The company targets high-grade epithermal-style silver mineralization commonly associated with significant gold credits and concentrates its exploration activities in the prolific Golden Triangle region, where multiple world-class mineral deposits and active exploration projects are located.

The company’s flagship asset is the Kitsault Valley project, which comprises the Dolly Varden and Torbrit deposits along with numerous additional exploration targets.