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

Shares of Discovery Silver Corp. (CVE:DSV) fell 7% during mid-day trading on Wednesday . 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 daily volume of 239,627 shares. The stock had previously closed at C$1.43.

Wall Street Analysts Forecast Growth

Separately, Scotiabank set a C$15.00 price objective on Discovery Silver and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Discovery Silver has an average rating of “Buy” and an average target price of C$10.06.

Discovery Silver Trading Down 7.0%

The company has a quick ratio of 18.89, a current ratio of 41.84 and a debt-to-equity ratio of 0.04. The firm has a market cap of C$644.74 million and a P/E ratio of -34.35. The firm’s 50-day simple moving average is C$1.33 and its 200 day simple moving average is C$1.33.

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.