Discovery Silver (CVE:DSV) Stock Price Down 7% – Here’s Why

Discovery Silver Corp. (CVE:DSV)’s share price was down 7% during mid-day trading on Wednesday . The stock traded as low as C$1.33 and last traded at C$1.33. Approximately 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.

Discovery Silver Price Performance

The firm has a market capitalization of C$644.74 million and a price-to-earnings ratio of -34.35. The company has a fifty day moving average price of C$1.33 and a two-hundred day moving average price of C$1.33. The company has a quick ratio of 18.89, a current ratio of 41.84 and a debt-to-equity ratio of 0.04.

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.