Discovery Silver (CVE:DSV) Trading Down 7% – Should You Sell?

Discovery Silver Corp. (CVE:DSV) shares traded down 7% on Tuesday . The stock traded as low as C$1.33 and last traded at C$1.33. 392,990 shares were traded during mid-day trading, an increase of 64% from the average session volume of 239,627 shares. The stock had previously closed at C$1.43.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce lifted their price target on shares of Discovery Silver from C$9.50 to C$12.50 in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$6.65.

Discovery Silver Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 5.96 and a quick ratio of 18.89. The firm’s 50-day moving average price is C$1.33 and its 200-day moving average price is C$1.33. The stock 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.