2176423 Ontario Ltd. Purchases 388,500 Shares of Discovery Silver Corp. (CVE:DSV) Stock

Discovery Silver Corp. (CVE:DSV) insider 2176423 Ontario Ltd. acquired 388,500 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of C$0.90 per share, with a total value of C$349,650.00.

Discovery Silver Stock Down 7.0 %

Shares of CVE DSV opened at C$1.33 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 18.98 and a quick ratio of 18.89. Discovery Silver Corp. has a one year low of C$0.87 and a one year high of C$2.16. The firm’s 50 day simple moving average is C$1.33 and its two-hundred day simple moving average is C$1.33. The stock has a market capitalization of C$467.15 million and a P/E ratio of -11.57.

Analyst Upgrades and Downgrades

Separately, Eight Capital lowered their price target on Discovery Silver from C$3.30 to C$2.65 in a report on Monday, February 26th.

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.