Discovery Silver (CVE:DSV) Shares Down 7%

Discovery Silver Corp. (CVE:DSV)’s stock price was down 7% on Thursday . The company traded as low as C$1.33 and last traded at C$1.33. Approximately 392,989 shares changed hands during trading, an increase of 64% from the average daily volume of 239,627 shares. The stock had previously closed at C$1.43.

Analysts Set New Price Targets

Separately, Eight Capital boosted their price objective on shares of Discovery Silver from C$2.65 to C$2.70 in a report on Thursday, July 11th.

Discovery Silver Stock Performance

The firm has a market cap of C$467.15 million and a P/E ratio of -11.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 18.89 and a current ratio of 18.98. The business’s 50-day simple moving average is C$1.33 and its 200 day simple moving average is C$1.33.

Insider Buying and Selling

In other news, Senior Officer Gernot Wober sold 40,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$1.06, for a total transaction of C$42,400.00. In related news, Senior Officer Andreas L’abbe sold 350,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of C$1.05, for a total value of C$367,500.00. Also, Senior Officer Gernot Wober sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$1.06, for a total value of C$42,400.00. Insiders sold 571,253 shares of company stock valued at $598,371 over the last 90 days.

About Discovery Silver

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.