Darin Matthew Smith Buys 35,000 Shares of Discovery Silver (TSE:DSV) Stock

Discovery Silver Corp. (TSE:DSV) insider Darin Matthew Smith purchased 35,000 shares of Discovery Silver stock in a transaction on Friday, June 5th. The shares were acquired at an average price of C$7.99 per share, with a total value of C$279,650.00. Following the transaction, the insider directly owned 35,000 shares in the company, valued at C$279,650. This trade represents a ∞ increase in their position.

Discovery Silver Stock Performance

Shares of TSE:DSV traded up C$0.11 on Monday, hitting C$7.68. The company’s stock had a trading volume of 1,104,528 shares, compared to its average volume of 3,196,627. The company has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 28.44 and a beta of 2.84. Discovery Silver Corp. has a 12 month low of C$2.71 and a 12 month high of C$12.48. The stock’s 50-day moving average is C$9.16 and its two-hundred day moving average is C$9.09.

Discovery Silver (TSE:DSV) last announced its earnings results on Thursday, May 14th. The company reported C$0.14 earnings per share (EPS) for the quarter. The firm had revenue of C$396.28 million during the quarter. Discovery Silver had a net margin of 20.03% and a return on equity of 40.33%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded shares of Discovery Silver to a “strong-buy” rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus 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.