Key Points
- Insider sale: Forbes Gemmell sold 300,000 shares at an average of C$8.90 for C$2.67M, reducing his holding by 34.64% to 566,157 shares (≈C$5.04M).
- Stock movement & metrics: Shares were up 3.5%, opening at C$8.69; the 50‑day/200‑day moving averages are C$7.55/C$5.39, 12‑month range C$0.87–C$9.54, market cap C$7.01B and P/E 192.42.
- Business & results: Discovery Silver is developing the large‑scale Cordero silver project in Chihuahua, Mexico, and last quarter reported EPS of C$0.08 with revenue of C$329.95M.
Discovery Silver Corp. (TSE:DSV - Get Free Report) insider Forbes Gemmell sold 300,000 shares of Discovery Silver stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$8.90, for a total transaction of C$2,670,000.00. Following the completion of the sale, the insider directly owned 566,157 shares in the company, valued at approximately C$5,038,797.30. This represents a 34.64% decrease in their position.
Discovery Silver Stock Up 3.5%
Discovery Silver stock opened at C$8.69 on Friday. The firm has a 50 day moving average price of C$7.55 and a 200-day moving average price of C$5.39. Discovery Silver Corp. has a twelve month low of C$0.87 and a twelve month high of C$9.54. The company has a market capitalization of C$7.01 billion, a P/E ratio of 192.42 and a beta of 2.38.
Discovery Silver (TSE:DSV - Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.08 EPS for the quarter. The company had revenue of C$329.95 million during the quarter.
About Discovery Silver
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
