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

Discovery Silver Corp. (TSE:DSV) insider Forbes Gemmell sold 300,000 shares of the company’s 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 completion of the sale, the insider directly owned 566,157 shares of the company’s stock, valued at C$5,038,797.30. The trade was a 34.64% decrease in their ownership of the stock.

Discovery Silver Stock Performance

TSE:DSV opened at C$8.69 on Friday. Discovery Silver Corp. has a 52 week low of C$0.87 and a 52 week high of C$9.54. The firm has a 50-day moving average price of C$7.55 and a two-hundred day moving average price of C$5.39. The firm has a market cap of C$7.01 billion, a price-to-earnings ratio of 192.42 and a beta of 2.38.

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

Discovery Silver Company Profile

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.