Discovery Silver (TSE:DSV) Director Sells C$6,960,000.00 in Stock

Discovery Silver Corp. (TSE:DSV) Director Eric Sprott sold 1,500,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$4.64, for a total transaction of C$6,960,000.00. Following the transaction, the director owned 87,045,498 shares in the company, valued at approximately C$403,891,110.72. This represents a 1.69% decrease in their ownership of the stock.

Eric Sprott also recently made the following trade(s):

• On Thursday, September 11th, Eric Sprott sold 250,000 shares of Discovery Silver stock. The shares were sold at an average price of C$4.60, for a total transaction of C$1,150,000.00.
• On Thursday, August 14th, Eric Sprott sold 250,000 shares of Discovery Silver stock. The stock was sold at an average price of C$3.95, for a total transaction of C$988,000.00.
• On Thursday, August 14th, Eric Sprott sold 500,000 shares of Discovery Silver stock. The shares were sold at an average price of C$3.95, for a total transaction of C$1,975,000.00.
• On Monday, August 18th, Eric Sprott purchased 200,000 shares of Discovery Silver stock. The stock was acquired at an average cost of C$3.84 per share, with a total value of C$768,000.00.

Discovery Silver Trading Up 7.8%

Shares of Discovery Silver stock opened at C$4.96 on Friday. The stock has a market capitalization of C$3.98 billion, a price-to-earnings ratio of -199.69 and a beta of 1.92. Discovery Silver Corp. has a 1-year low of C$0.64 and a 1-year high of C$4.98. The firm’s 50-day moving average price is C$3.73 and its two-hundred day moving average price is C$2.98.

Wall Street Analyst Weigh In

Separately, Raymond James Financial raised shares of Discovery Silver to a “moderate buy” rating in a research note on Monday, May 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

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.