Discovery Silver Corp. (CVE:DSV – Get Free Report)’s share price dropped 7% during trading on Wednesday . The company traded as low as C$1.33 and last traded at C$1.33. 392,990 shares traded hands 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.
Discovery Silver Trading Down 7.0%
The business has a 50 day moving average of C$1.33 and a two-hundred day moving average of C$1.33. The firm has a market capitalization of C$644.74 million and a price-to-earnings ratio of -34.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 18.89 and a current ratio of 41.84.
About Discovery Silver
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.
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