Discovery Silver (TSE:DSV) Insider 2176423 Ontario Ltd. Sells 500,000 Shares

Key Points

• 2176423 Ontario Ltd., an insider of Discovery Silver Corp., sold 500,000 shares at an average price of C$3.95, totaling C$1,975,000, which decreased their ownership by 0.55%.
• Discovery Silver's stock is currently trading around C$4.38 with a market cap of C$3.51 billion and has been rated as a "Strong Buy" by analysts.
• The company's flagship project is the Cordero project in Mexico, which is recognized as a large-scale, high-margin silver asset.

Discovery Silver Corp. (TSE:DSV - Get Free Report) insider 2176423 Ontario Ltd. sold 500,000 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$3.95, for a total transaction of C$1,975,000.00. Following the completion of the sale, the insider directly owned 90,963,098 shares of the company's stock, valued at C$359,304,237.10. The trade was a 0.55% decrease in their ownership of the stock.

2176423 Ontario Ltd. also recently made the following trade(s):

• On Wednesday, September 10th, 2176423 Ontario Ltd. sold 1,500,000 shares of Discovery Silver stock. The shares were sold at an average price of C$4.64, for a total transaction of C$6,960,000.00.
• On Thursday, August 14th, 2176423 Ontario Ltd. sold 250,000 shares of Discovery Silver stock. The shares were sold at an average price of C$3.95, for a total transaction of C$988,000.00.
• On Monday, August 18th, 2176423 Ontario Ltd. acquired 200,000 shares of Discovery Silver stock. The shares were bought at an average price of C$3.84 per share, for a total transaction of C$768,000.00.

Discovery Silver Price Performance

TSE DSV traded up C$0.36 on Friday, hitting C$4.96. 2,861,068 shares of the company were exchanged, compared to its average volume of 2,677,155. The company's 50 day moving average price is C$3.73 and its 200-day moving average price is C$2.98. The firm has a market capitalization of C$3.98 billion, a P/E ratio of -199.69 and a beta of 1.92. Discovery Silver Corp. has a twelve month low of C$0.64 and a twelve month high of C$4.98.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial upgraded Discovery Silver to a "moderate buy" rating in a report on Monday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

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.