Discovery Silver (CVE:DSV) Stock Price Down 7% – Here’s Why

Discovery Silver Corp. (CVE:DSVGet Free Report)’s share price traded down 7% during mid-day trading on Wednesday . The company traded as low as C$1.33 and last traded at C$1.33. Approximately 392,990 shares traded hands during mid-day trading, an increase of 64% from the average session volume of 239,627 shares. The stock had previously closed at C$1.43.

Wall Street Analyst Weigh In

Separately, Scotiabank set a C$15.00 price target on Discovery Silver and gave the stock an “outperform” rating in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$10.06.

View Our Latest Report on DSV

Discovery Silver Stock Down 7.0%

The firm has a market capitalization of C$644.74 million and a PE ratio of -34.35. The firm’s 50-day moving average is C$1.33 and its 200 day moving average is C$1.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 18.89 and a current ratio of 41.84.

About Discovery Silver

(Get Free Report)

Discovery Silver Corp., a mineral exploration company, engages in the exploration and development of polymetallic deposits. The company's flagship property is the Cordero silver project, which covers an area of approximately 35,000 hectares located in the Chihuahua state, Mexico. It also holds option agreement to purchase 100% interest in the Puerto Rico, La Kika, Minerva, Monclova, and Santa Rosa projects in Mexico. The company was formerly known as Discovery Metals Corp. and changed its name to Discovery Silver Corp.

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