Discovery Silver (TSE:DSV) Shares Down 1.2% - Time to Sell?

Key Points

• Discovery Silver Corp. experienced a 1.2% decline in stock price, trading as low as C$4.77 during a recent session with a significant 15% decrease in trading volume compared to average levels.
• Raymond James Financial upgraded their rating on Discovery Silver to a "moderate buy", maintaining an overall consensus rating of "Strong Buy".
• Insider selling activity has been notable, with Director Eric Sprott and another insider each selling 1,500,000 shares at an average price of C$4.64, contributing to a total insider sale of 5 million shares worth approximately C$22 million over the last ninety days.

Discovery Silver Corp. (TSE:DSV - Get Free Report) traded down 1.2% during mid-day trading on Thursday . The stock traded as low as C$4.77 and last traded at C$4.82. 2,268,774 shares changed hands during trading, a decline of 15% from the average session volume of 2,676,818 shares. The stock had previously closed at C$4.88.

Analyst Ratings Changes

Separately, Raymond James Financial raised shares of Discovery Silver to a "moderate buy" rating in a research note on Monday, May 26th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Discovery Silver Stock Performance

The firm has a 50 day simple moving average of C$3.91 and a two-hundred day simple moving average of C$3.10. The firm has a market capitalization of C$4.23 billion, a P/E ratio of -212.17 and a beta of 1.92.

Insider Buying and Selling at Discovery Silver

In other Discovery Silver news, Director Eric Sprott sold 1,500,000 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 87,045,498 shares in the company, valued at approximately C$403,891,110.72. This trade represents a 1.69% decrease in their position. Also, insider Sprott Mining Inc. sold 250,000 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$4.60, for a total value of C$1,150,000.00. Following the transaction, the insider owned 44,750,000 shares in the company, valued at approximately C$205,850,000. This trade represents a 0.56% decrease in their ownership of the stock. In the last three months, insiders have sold 5,000,000 shares of company stock worth $22,146,000. Corporate 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.