Discovery Silver (CVE:DSV) Shares Down 7% – Here’s What Happened

Discovery Silver Corp. (CVE:DSV)’s share price fell 7% during trading on Wednesday . The company traded as low as C$1.33 and last traded at C$1.33. 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.

Analyst Ratings Changes

A number of research firms have commented on DSV. Canadian Imperial Bank of Commerce increased their price target on Discovery Silver from C$9.50 to C$12.50 in a research note on Tuesday, January 13th. Scotiabank set a C$15.00 price target on Discovery Silver and gave the company an “outperform” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$10.06.

Discovery Silver Stock Down 7.0%

The business has a fifty day moving average price of C$1.33 and a two-hundred day moving average price of C$1.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 41.84 and a quick ratio of 18.89. The firm has a market capitalization of C$644.74 million and a price-to-earnings ratio of -34.35.

Discovery Silver Company Profile

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.