Dolly Varden Silver (CVE:DV) Trading Down 2% - What's Next?

Key Points

• Dolly Varden Silver's stock price decreased by 2% during mid-day trading, closing at C$4.90 after reaching a low of C$4.83.
• The company has a market capitalization of C$1.51 billion and a negative P/E ratio of -62.86, indicating potential challenges in profitability.
• Dolly Varden Silver is engaged in the exploration of mineral properties in Canada, focusing on gold, silver, lead, zinc, and copper deposits in the Golden Triangle region of British Columbia.

Dolly Varden Silver Co. (CVE:DV - Get Free Report) dropped 2% during mid-day trading on Wednesday . The company traded as low as C$4.83 and last traded at C$4.90. Approximately 148,808 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 117,457 shares. The stock had previously closed at C$5.00.

Dolly Varden Silver Price Performance

The firm's 50 day moving average is C$4.73 and its two-hundred day moving average is C$2.99. The firm has a market capitalization of C$1.43 billion, a P/E ratio of -59.53 and a beta of 1.38.

About Dolly Varden Silver

Dolly Varden Silver Corporation engages in the acquisition and exploration of mineral properties in Canada. It explores for gold, silver, lead, zinc, and copper deposits. The company holds 100% interests in the Kitsault Valley project, which comprises the Dolly Varden property and the Homestake Ridge property located in the Golden Triangle of British Columbia, Canada; and the Big Bulk property located in Canada.