Discovery Silver (TSE:DSV) Insider Darin Matthew Smith Buys 35,000 Shares

Discovery Silver Corp. (TSE:DSV) insider Darin Matthew Smith purchased 35,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of C$7.99 per share, with a total value of C$279,650.00. Following the transaction, the insider directly owned 35,000 shares of the company’s stock, valued at approximately C$279,650. This represents a ? increase in their position.

Discovery Silver Price Performance

DSV traded up C$0.11 during trading on Monday, hitting C$7.68. The company had a trading volume of 1,104,528 shares, compared to its average volume of 3,196,627. Discovery Silver Corp. has a 1-year low of C$2.71 and a 1-year high of C$12.48. The company has a market cap of C$6.23 billion, a PE ratio of 28.44 and a beta of 2.84. The business has a 50-day moving average of C$9.16 and a 200-day moving average of C$9.09.

Discovery Silver (TSE:DSV) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.14 earnings per share for the quarter. The company had revenue of C$396.28 million during the quarter. Discovery Silver had a net margin of 20.03% and a return on equity of 40.33%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised Discovery Silver to a “strong-buy” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

About Discovery Silver

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.