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

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

Wall Street Analysts Forecast Growth

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

Discovery Silver Stock Performance

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

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.