Insider Selling: Discovery Silver Corp. (CVE:DSV) Insider Sells 19,200,200 Shares of Stock

Discovery Silver Corp. (CVE:DSV) insider 2176423 Ontario Ltd. sold 19,200,200 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$3.26, for a total value of C$62,650,252.60.

Discovery Silver Stock Performance

DSV stock opened at C$1.33 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.96 and a quick ratio of 18.89. Discovery Silver Corp. has a 1-year low of C$0.87 and a 1-year high of C$2.16. The business has a 50-day moving average price of C$1.33 and a 200 day moving average price of C$1.33. The company has a market capitalization of C$644.74 million and a P/E ratio of -34.35.

Wall Street Analyst Weigh In

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

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.