Discovery Silver (TSE:DSV) Releases Quarterly Earnings Results

Discovery Silver (TSE:DSV) released its quarterly earnings data on Thursday. The company reported C$0.05 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$329.95 million for the quarter.

Discovery Silver Stock Performance

Shares of TSE DSV traded down C$0.01 during trading hours on Thursday, hitting C$6.72. The stock had a trading volume of 4,038,120 shares, compared to its average volume of 3,097,733. The company has a market capitalization of C$5.39 billion, a P/E ratio of -270.54 and a beta of 1.90. Discovery Silver has a 52 week low of C$0.65 and a 52 week high of C$7.24. The firm’s 50-day moving average price is C$5.20 and its two-hundred day moving average price is C$3.95.

Insiders Place Their Bets

In related news, insider 2176423 Ontario Ltd. sold 1,500,000 shares of Discovery Silver stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of C$4.64, for a total value of C$6,960,000.00. Following the transaction, the insider owned 87,045,498 shares in the company, valued at C$403,891,110.72. This trade represents a 1.69% decrease in their position. Also, insider Sprott Mining Inc. sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of C$5.52, for a total value of C$5,520,000.00. Following the transaction, the insider directly owned 43,221,500 shares of the company’s stock, valued at C$238,582,680. This represents a 2.26% decrease in their position. Insiders sold 5,500,000 shares of company stock valued at $27,260,000 over the last quarter. Insiders own 23.60% of the company’s stock.

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.