Discovery Silver (TSE:DSV) Insider Purchases C$768,000.00 in Stock

Key Points

• Insider 2176423 Ontario Ltd. purchased 200,000 shares of Discovery Silver at an average price of C$3.84, increasing their total ownership to approximately 90.66 million shares.
• Discovery Silver's stock recently traded down 2.2% to C$4.38, with a market capitalization of C$3.51 billion and a price-to-earnings ratio of -176.34.
• Raymond James Financial upgraded Discovery Silver to a "moderate buy" rating, contributing to an overall average rating of "Strong Buy" for the stock.

Discovery Silver Corp. (TSE:DSV - Get Free Report) insider 2176423 Ontario Ltd. bought 200,000 shares of the stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of C$3.84 per share, for a total transaction of C$768,000.00. Following the completion of the purchase, the insider directly owned 90,663,098 shares in the company, valued at approximately C$348,146,296.32. This trade represents a 0.22% increase in their ownership of the stock.

2176423 Ontario Ltd. also recently made the following trade(s):

• On Wednesday, September 10th, 2176423 Ontario Ltd. 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, 2176423 Ontario Ltd. 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, 2176423 Ontario Ltd. 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.

Discovery Silver Stock Up 7.8%

Discovery Silver stock traded up C$0.36 during midday trading on Friday, reaching C$4.96. The stock had a trading volume of 2,861,068 shares, compared to its average volume of 2,677,155. Discovery Silver Corp. has a 12 month low of C$0.64 and a 12 month high of C$4.98. The firm's 50-day moving average price is C$3.73 and its 200 day moving average price is C$2.98. The firm has a market capitalization of C$3.98 billion, a PE ratio of -199.69 and a beta of 1.92.

Analyst Ratings Changes

Separately, Raymond James Financial raised 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 data from MarketBeat.com, Discovery Silver 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.