Eight Capital Increases Discovery Silver (CVE:DSV) Price Target to C$2.70

Discovery Silver (CVE:DSV) had its price objective lifted by analysts at Eight Capital from C$2.65 to C$2.70 in a report released on Thursday, BayStreet.CA reports. Eight Capital’s price objective would indicate a potential upside of 103.01% from the stock’s previous close.

Discovery Silver Stock Performance

DSV stock opened at C$1.33 on Thursday. The company has a market cap of C$467.15 million and a P/E ratio of -11.57. Discovery Silver has a 1 year low of C$0.87 and a 1 year high of C$2.16. The company has a debt-to-equity ratio of 0.53, a current ratio of 18.98 and a quick ratio of 18.89. The stock’s fifty day moving average price is C$1.33 and its 200-day moving average price is C$1.33.

Insider Transactions at Discovery Silver

In other news, Senior Officer Andreas L’abbe sold 350,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of C$1.05, for a total value of C$367,500.00. In other news, Senior Officer Andreas L’abbe sold 350,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of C$1.05, for a total value of C$367,500.00. Also, Director Jeffrey Scott Parr sold 100,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of C$0.92, for a total value of C$92,000.00. Insiders have sold a total of 820,500 shares of company stock worth $816,035 in the last ninety days.

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.