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

Key Points

• Sprott Mining Inc., an insider of Discovery Silver Corp, sold 1,000,000 shares for C$5.52 each, totaling C$5,520,000, reducing their ownership by 2.26%.
• The stock of Discovery Silver Corp. traded at C$5.41 during mid-day trading, with a market capitalization of approximately C$4.34 billion.
• Discovery Silver is focused on developing its Cordero project, a large-scale silver asset located in Chihuahua State, Mexico.

Discovery Silver Corp. (TSE:DSV - Get Free Report) insider Sprott Mining Inc. sold 1,000,000 shares of the firm's stock in a transaction on Thursday, October 9th. The shares were sold at an average price of C$5.52, for a total transaction of C$5,520,000.00. Following the sale, the insider directly 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 ownership of the stock.

Sprott Mining Inc. also recently made the following trade(s):

• On Thursday, September 11th, Sprott Mining Inc. sold 250,000 shares of Discovery Silver stock. The shares were sold at an average price of C$4.60, for a total transaction of C$1,150,000.00.

Discovery Silver Price Performance

Shares of DSV traded up C$0.09 during mid-day trading on Tuesday, hitting C$5.41. The company's stock had a trading volume of 1,938,209 shares, compared to its average volume of 2,951,506. The stock has a market capitalization of C$4.34 billion, a price-to-earnings ratio of -217.80 and a beta of 1.86. The firm has a 50-day moving average price of C$4.51 and a 200 day moving average price of C$3.46. Discovery Silver Corp. has a fifty-two week low of C$0.65 and a fifty-two week high of C$5.60.

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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