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

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. National Bankshares set a C$4.00 price objective on Discovery Silver and gave the stock an “outperform” rating in a research note on Friday, May 2nd. BMO Capital Markets lifted their price objective on Discovery Silver from C$2.00 to C$4.00 in a research report on Thursday, April 17th.

Discovery Silver Trading Down 7.0%

The firm’s 50-day moving average price is C$1.33 and its 200 day moving average price is C$1.33. The company has a market cap of C$644.74 million and a price-to-earnings ratio of -34.35. The company has a current ratio of 5.96, a quick ratio of 18.89 and a debt-to-equity ratio of 0.29.

Insider Buying and Selling

In other Discovery Silver news, Senior Officer Forbes Gemmell sold 30,272 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of C$1.58, for a total value of C$47,829.76. Also, Director Anthony Paul Makuch sold 211,486 shares of Discovery Silver stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$1.54, for a total value of C$325,265.47. Insiders have sold a total of 1,089,255 shares of company stock valued at $2,162,340 over the last ninety days.

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.