Insider Selling: Discovery Silver (TSE:DSV) Director Sells 250,000 Shares of Stock

Discovery Silver Corp. (TSE:DSV) Director Eric Sprott sold 250,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of C$4.60, for a total transaction of C$1,150,000.00. Following the sale, the director directly owned 44,750,000 shares in the company, valued at C$205,850,000. This represents a 0.56% decrease in their ownership of the stock.

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

• On Wednesday, September 10th, Eric Sprott sold 1,500,000 shares of Discovery Silver stock. The stock was sold at an average price of C$4.64, for a total transaction of C$6,960,000.00.
• 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 stock was 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 bought 200,000 shares of Discovery Silver stock. The stock was bought at an average cost of C$3.84 per share, for a total transaction of C$768,000.00.

Discovery Silver Stock Performance

DSV opened at C$4.96 on Friday. The company’s 50 day simple moving average is C$3.73 and its 200 day simple moving average is C$2.97. Discovery Silver Corp. has a 1 year low of C$0.64 and a 1 year high of C$4.98. The stock has a market capitalization of C$3.98 billion, a PE ratio of -199.69 and a beta of 1.92.

Analyst Ratings Changes

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

About Discovery Silver

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.