Discovery Silver (TSE:DSV) Sets New 1-Year High - Here's Why

Key Points

• 52-week high: Discovery Silver shares reached a new 52-week high, trading as high as C$9.54 (last C$9.43) and were up about 8.8% on the day with roughly 1,298,976 shares changing hands.
• Valuation and momentum: The company has a market cap of C$7.98 billion and a P/E of 218.99; last quarter EPS was C$0.08 on C$329.95 million revenue, and the 50-day MA (C$7.85) sits well above the 200-day MA (C$5.54), indicating upward price momentum.
• Insider activity and asset: Insider Forbes Gemmell sold 300,000 shares at C$8.90 (a ~34.6% reduction in their position), though insiders still own 23.6% of the company, which is developing the large-scale Cordero silver project in Chihuahua, Mexico.

Discovery Silver Corp. (TSE:DSV - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as C$9.54 and last traded at C$9.43, with a volume of 1298976 shares changing hands. The stock had previously closed at C$9.09.

Discovery Silver Trading Up 8.8%

The firm has a market cap of C$7.98 billion, a price-to-earnings ratio of 218.99 and a beta of 2.38. The firm has a 50 day moving average price of C$7.85 and a 200-day moving average price of C$5.54.

Discovery Silver (TSE:DSV - Get Free Report) last announced its earnings results on Thursday, November 13th. The company reported C$0.08 earnings per share (EPS) for the quarter. The business had revenue of C$329.95 million for the quarter.

Insider Transactions at Discovery Silver

In other Discovery Silver news, insider Forbes Gemmell sold 300,000 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of C$8.90, for a total transaction of C$2,670,000.00. Following the sale, the insider owned 566,157 shares in the company, valued at approximately C$5,038,797.30. This represents a 34.64% decrease in their position. Insiders own 23.60% of the company's stock.

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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