Discovery Silver (TSE:DSV) Insider Sells C$6,960,000.00 in Stock

Key Points

• Discovery Silver Corp. insider 2176423 Ontario Ltd. sold 1.5 million shares for C$6,960,000, representing a 1.69% decrease in ownership.
• The company's stock price recently dipped to C$4.55, with a market capitalization of C$3.65 billion and a PE ratio of -183.18.
• 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) insider 2176423 Ontario Ltd. sold 1,500,000 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of C$4.64, for a total transaction of C$6,960,000.00. Following the completion of the sale, the insider directly owned 87,045,498 shares of the company's stock, valued at C$403,891,110.72. The trade was a 1.69% decrease in their ownership of the stock.

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

• On Thursday, August 14th, 2176423 Ontario Ltd. sold 250,000 shares of Discovery Silver stock. The shares were sold at an average price of C$3.95, for a total transaction 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 transaction of C$1,975,000.00.
• On Monday, August 18th, 2176423 Ontario Ltd. 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 Price Performance

Shares of Discovery Silver stock traded down C$0.07 on Thursday, reaching C$4.55. 1,548,748 shares of the company traded hands, 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 company has a 50 day moving average of C$3.66 and a 200 day moving average of C$2.93. The firm has a market capitalization of C$3.65 billion, a PE ratio of -183.18 and a beta of 1.92.

Analyst Upgrades and Downgrades

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

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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