Discovery Silver (CVE:DSV) Trading Down 7% – Time to Sell?

Discovery Silver Corp. (CVE:DSV)’s stock price dropped 7% during mid-day trading on Monday . The stock 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.

Discovery Silver Price Performance

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 stock has a market capitalization of C$467.15 million and a price-to-earnings ratio of -11.57. The company has a fifty day simple moving average of C$1.33 and a 200 day simple moving average of C$1.33.

Insider Buying and Selling at Discovery Silver

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

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.