Discovery Silver (TSE:DSV) Director Sells C$5,520,000.00 in Stock

Key Points

• Eric Sprott, a director at Discovery Silver Corp, sold 1,000,000 shares at an average price of C$5.52 for a total of C$5,520,000, reducing his holdings by 2.26%.
• Discovery Silver stock recently traded at C$5.41, with a market capitalization of C$4.34 billion and a 52-week high of C$5.60.
• The company is focused on developing its flagship Cordero project in Mexico, positioned as a significant silver asset with large-scale and high-margin potential.

Discovery Silver Corp. (TSE:DSV - Get Free Report) Director Eric Sprott sold 1,000,000 shares of the business's stock in a transaction on Thursday, October 9th. The stock was sold at an average price of C$5.52, for a total value of C$5,520,000.00. Following the sale, the director owned 43,221,500 shares of the company's stock, valued at approximately C$238,582,680. The trade was a 2.26% 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 stock was 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 stock was 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 shares were 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 shares were 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 stock was acquired at an average price of C$3.84 per share, for a total transaction of C$768,000.00.

Discovery Silver Stock Performance

Shares of TSE DSV traded up C$0.09 during trading hours on Tuesday, reaching C$5.41. 1,938,209 shares of the stock were exchanged, compared to its average volume of 2,951,506. The firm has a market capitalization of C$4.34 billion, a price-to-earnings ratio of -217.80 and a beta of 1.86. Discovery Silver Corp. has a 52 week low of C$0.65 and a 52 week high of C$5.60. The stock's fifty day simple moving average is C$4.51 and its 200 day simple moving average is C$3.46.

About Discovery Silver

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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