Discovery Silver (CVE:DSV) Shares Down 7% – Time to Sell?

Discovery Silver Corp. (CVE:DSV)’s stock price traded down 7% on Tuesday . The stock traded as low as C$1.33 and last traded at C$1.33. 392,990 shares traded hands during 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

Several research analysts recently commented on DSV shares. CIBC raised their target price on Discovery Silver from C$9.50 to C$12.50 in a research report on Tuesday, January 13th. Raymond James Financial raised their price objective on shares of Discovery Silver from C$5.75 to C$6.75 in a report on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Discovery Silver currently has an average rating of “Buy” and an average target price of C$6.65.

Discovery Silver Price Performance

The company has a 50-day moving average of C$1.33 and a 200 day moving average of C$1.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 18.89 and a current ratio of 5.96. The firm has a market cap of C$644.74 million and a P/E 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.