Forbes Gemmell Sells 300,000 Shares of Discovery Silver (TSE:DSV) Stock

Discovery Silver Corp. (TSE:DSV) insider Forbes Gemmell sold 300,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$8.90, for a total transaction of C$2,670,000.00. Following the sale, the insider owned 566,157 shares in the company, valued at C$5,038,797.30. The trade was a 34.64% decrease in their ownership of the stock.

Discovery Silver Trading Up 3.5%

Shares of TSE:DSV opened at C$8.69 on Monday. The firm has a 50 day moving average of C$7.55 and a 200-day moving average of C$5.40. The stock has a market capitalization of C$7.01 billion, a PE ratio of 192.42 and a beta of 2.38. Discovery Silver Corp. has a 12 month low of C$0.87 and a 12 month high of C$9.54.

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

About Discovery Silver

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.