Discovery Silver (TSE:DSV) Trading Down 3.7% - Time to Sell?

Key Points

• Discovery Silver Corp.'s stock price fell by 3.7% to C$3.89, with trading volume significantly down at around 361,988 shares, compared to the average daily volume of over 2.6 million shares.
• Analysts have recently upgraded Discovery Silver's rating, with Raymond James giving it a "moderate buy" rating and National Bank Financial assigning a "strong-buy" rating.
• The company has a market capitalization of C$1.53 billion and is known for its flagship Cordero project, a significant silver exploration project in Mexico.

Discovery Silver Corp. (TSE:DSV - Get Free Report)'s share price dropped 3.7% during mid-day trading on Monday . The company traded as low as C$3.89 and last traded at C$3.89. Approximately 361,988 shares changed hands during trading, a decline of 86% from the average daily volume of 2,653,722 shares. The stock had previously closed at C$4.04.

Wall Street Analyst Weigh In

DSV has been the subject of a number of analyst reports. Raymond James Financial upgraded shares of Discovery Silver to a "moderate buy" rating in a research report on Monday, May 26th. National Bank Financial raised shares of Discovery Silver to a "strong-buy" rating in a report on Thursday, May 1st.

Discovery Silver Stock Performance

The company has a fifty day moving average of C$3.30 and a two-hundred day moving average of C$2.62. The company has a market cap of C$1.53 billion, a price-to-earnings ratio of -81.28 and a beta of 2.45.

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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