Discovery Silver (CVE:DSV) Stock Price Down 7% – Should You Sell?

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

Discovery Silver Trading Down 7.0 %

The firm has a market capitalization of C$467.15 million and a price-to-earnings 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 company has a 50-day moving average price of C$1.33 and a 200-day moving average price of C$1.33.

Insider Buying and Selling

In related news, Senior Officer Forbes Gemmell sold 95,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of C$1.03, for a total transaction of C$97,850.00.

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.