Dolly Varden Silver (NYSEAMERICAN:DVS) Shares Down 2.3% – Here’s What Happened

Dolly Varden Silver Corp (NYSEAMERICAN:DVS)’s stock price was down 2.3% during mid-day trading on Monday . The stock traded as low as $3.74 and last traded at $3.80. Approximately 1,249,213 shares traded hands 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 Trading Down 2.3%

The company has a market cap of $349.26 million and a P/E ratio of -16.52.

Institutional Trading of Dolly Varden Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rathbones Group PLC acquired a new stake in shares of Dolly Varden Silver during the 4th quarter valued at $45,000. Pinnacle Wealth Management Group Inc. raised its holdings in shares of Dolly Varden Silver by 35.1% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 50,000 shares of the company’s stock valued at $220,000 after acquiring an additional 13,000 shares during the period. Auxano Advisors LLC purchased a new position in Dolly Varden Silver during the 4th quarter worth approximately $485,000. HighTower Advisors LLC purchased a new stake in shares of Dolly Varden Silver in the fourth quarter valued at $268,000. Finally, MMCAP International Inc. SPC acquired a new position in Dolly Varden Silver during the fourth quarter valued at $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.