Discovery Silver (TSE:DSV) Trading Up 0.3% - What's Next?

Key Points

• Discovery Silver Corp's share price increased by 0.3%, with last trading at C$3.98 after reaching a high of C$4.01.
• Equities analysts have shown increased confidence in the company, with Raymond James rating it as a "moderate buy" and National Bank Financial issuing a "strong-buy" rating.
• The company's Cordero project in Mexico is highlighted as a unique large-scale silver asset, notable for its margin, size, and scalability potential.

Discovery Silver Corp. (TSE:DSV - Get Free Report)'s share price was up 0.3% during trading on Thursday . The company traded as high as C$4.01 and last traded at C$3.98. Approximately 2,295,335 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 2,643,233 shares. The stock had previously closed at C$3.97.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DSV shares. Raymond James Financial raised Discovery Silver to a "moderate buy" rating in a research note on Monday, May 26th. National Bank Financial raised Discovery Silver to a "strong-buy" rating in a research note on Thursday, May 1st.

Discovery Silver Trading Up 0.3%

The stock has a 50 day simple moving average of C$3.28 and a 200 day simple moving average of C$2.58. The firm has a market capitalization of C$1.59 billion, a PE ratio of -84.90 and a beta of 2.45.

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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