Insider Selling: Discovery Silver Corp. (CVE:DSV) Director Sells 100,000 Shares of Stock

Discovery Silver Corp. (CVE:DSV) Director Jeffrey Scott Parr sold 100,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of C$0.92, for a total value of C$92,000.00.

Discovery Silver Stock Down 7.0 %

Discovery Silver stock traded down C$0.10 during mid-day trading on Monday, reaching C$1.33. 392,990 shares of the company’s stock were exchanged, compared to its average volume of 239,627. The company has a quick ratio of 18.89, a current ratio of 18.98 and a debt-to-equity ratio of 0.53. Discovery Silver Corp. has a twelve month low of C$0.87 and a twelve month high of C$2.16. The company has a market cap of C$467.15 million and a P/E ratio of -11.57. The company has a fifty day moving average of C$1.33 and a 200-day moving average of C$1.33.

Wall Street Analyst Weigh In

Separately, Eight Capital cut their price target on shares of Discovery Silver from C$3.30 to C$2.65 in a research note on Monday, February 26th.

About Discovery Silver

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.