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

Key Points

• Eric Sprott, a Director of Discovery Silver, sold 500,000 shares for C$1,975,000, reducing his holdings by 0.55% to 90,963,098 shares valued at approximately C$359 million.
• Discovery Silver's stock has seen a decline of 2.2%, trading at C$4.38, with recent analyst ratings reflecting a consensus of "Strong Buy".
• The company is actively developing its flagship Cordero project in Mexico, positioning itself as a significant player in the global silver market.

Discovery Silver Corp. (TSE:DSV - Get Free Report) Director Eric Sprott sold 500,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$3.95, for a total value of C$1,975,000.00. Following the completion of the sale, the director directly owned 90,963,098 shares of the company's stock, valued at approximately C$359,304,237.10. The trade was a 0.55% decrease in their position.

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

• On Thursday, September 11th, Eric Sprott sold 250,000 shares of Discovery Silver stock. The shares were sold at an average price of C$4.60, for a total value of C$1,150,000.00.
• On Wednesday, September 10th, Eric Sprott sold 1,500,000 shares of Discovery Silver stock. The shares were sold at an average price of C$4.64, for a total value of C$6,960,000.00.
• 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 Monday, August 18th, Eric Sprott bought 200,000 shares of Discovery Silver stock. The shares were bought at an average cost of C$3.84 per share, with a total value of C$768,000.00.

Discovery Silver Trading Up 7.8%

Discovery Silver stock traded up C$0.36 during trading hours on Friday, reaching C$4.96. 2,861,068 shares of the company were exchanged, compared to its average volume of 2,677,155. The firm has a market cap of C$3.98 billion, a price-to-earnings ratio of -199.69 and a beta of 1.92. The stock has a 50-day moving average of C$3.73 and a 200 day moving average of C$2.98. Discovery Silver Corp. has a 12 month low of C$0.64 and a 12 month high of C$4.98.

Wall Street Analyst Weigh In

Separately, Raymond James Financial raised Discovery Silver to a "moderate buy" rating in a research report on Monday, May 26th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently 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.