Forbes Gemmell Sells 300,000 Shares of Discovery Silver (TSE:DSV) Stock

Discovery Silver Corp. (TSE:DSV) insider Forbes Gemmell sold 300,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of C$8.90, for a total value of C$2,670,000.00. Following the completion of the sale, the insider owned 566,157 shares in the company, valued at C$5,038,797.30. This trade represents a 34.64% decrease in their ownership of the stock.

Discovery Silver Stock Up 3.5%

Discovery Silver stock traded up C$0.29 during mid-day trading on Friday, hitting C$8.69. 4,362,486 shares of the company were exchanged, compared to its average volume of 3,280,179. The company has a market capitalization of C$7.01 billion, a PE ratio of 192.42 and a beta of 2.38. The business has a fifty day moving average of C$7.55 and a 200 day moving average of C$5.37. Discovery Silver Corp. has a 1-year low of C$0.87 and a 1-year high of C$9.54.

Discovery Silver (TSE:DSV) last posted its earnings results on Thursday, November 13th. The company reported C$0.08 earnings per share for the quarter. The firm had revenue of C$329.95 million during the quarter.

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.