Discovery Silver (TSE:DSV) Director Eric Sprott Sells 1,500,000 Shares

Key Points

• Eric Sprott, a director at Discovery Silver Corp, sold 1,500,000 shares of the company at an average price of C$4.64, amounting to C$6,960,000, which reduced his holdings by 1.69%.
• Discovery Silver's shares dropped 1.5% on Thursday, closing at C$4.55, with a total trading volume of 1,548,748 shares.
• Raymond James Financial upgraded Discovery Silver to a "moderate buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.

Discovery Silver Corp. (TSE:DSV - Get Free Report) Director Eric Sprott sold 1,500,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of C$4.64, for a total value of C$6,960,000.00. Following the sale, the director directly owned 87,045,498 shares in the company, valued at C$403,891,110.72. This trade represents a 1.69% decrease in their position.

Eric Sprott also recently made the following trade(s):

• On Thursday, August 14th, Eric Sprott sold 250,000 shares of Discovery Silver stock. The stock was sold at an average price of C$3.95, for a total value of C$988,000.00.
• On Thursday, August 14th, Eric Sprott sold 500,000 shares of Discovery Silver stock. The stock was sold at an average price of C$3.95, for a total value of C$1,975,000.00.
• On Monday, August 18th, Eric Sprott purchased 200,000 shares of Discovery Silver stock. The shares were acquired at an average cost of C$3.84 per share, for a total transaction of C$768,000.00.

Discovery Silver Trading Down 1.5%

Shares of Discovery Silver stock traded down C$0.07 during trading hours on Thursday, reaching C$4.55. 1,548,748 shares of the company's stock were exchanged, compared to its average volume of 2,664,207. Discovery Silver Corp. has a 52-week low of C$0.57 and a 52-week high of C$4.68. The firm has a market capitalization of C$3.65 billion, a price-to-earnings ratio of -183.18 and a beta of 1.92. The company has a fifty day moving average of C$3.66 and a 200-day moving average of C$2.93.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial upgraded Discovery Silver to a "moderate buy" rating in a report on Monday, May 26th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of "Strong Buy".

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.

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