Dolly Varden Silver (NYSEAMERICAN:DVS) Trading 5.3% Higher – Here’s What Happened

Dolly Varden Silver Corp (NYSEAMERICAN:DVS)’s share price was up 5.3% on Thursday . The stock traded as high as $4.61 and last traded at $4.59. Approximately 1,142,166 shares traded hands during trading, a decline of 33% from the average daily volume of 1,706,007 shares. The stock had previously closed at $4.36.

Dolly Varden Silver Stock Up 5.3%

The firm has a market capitalization of $417.32 million and a P/E ratio of -19.96.

Institutional Investors Weigh In On Dolly Varden Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rathbones Group PLC purchased a new position in Dolly Varden Silver during the fourth quarter valued at approximately $45,000. Total Wealth Planning & Management Inc. purchased a new position in shares of Dolly Varden Silver during the 4th quarter valued at $50,000. K2 Principal Fund L.P. bought a new position in Dolly Varden Silver in the 4th quarter worth $62,000. Goldman Sachs Group Inc. purchased a new stake in Dolly Varden Silver in the 4th quarter worth $64,000. Finally, MMCAP International Inc. SPC purchased a new stake in Dolly Varden Silver in the 4th quarter worth $110,000.

Dolly Varden Silver Company Profile

Dolly Varden Silver is a Canadian mineral exploration and development company focused on the discovery, definition and advancement of silver- and gold-bearing projects in northwestern British Columbia. The company targets high-grade epithermal-style silver mineralization commonly associated with significant gold credits and concentrates its exploration activities in the prolific Golden Triangle region, where multiple world-class mineral deposits and active exploration projects are located.

The company’s flagship asset is the Kitsault Valley project, which comprises the Dolly Varden and Torbrit deposits along with numerous additional exploration targets.