Discovery Silver Corp. insider Forbes Gemmell sold 300,000 shares of the company on December 16, 2023, in a transaction valued at approximately C$2,670,000. The shares were sold at an average price of C$8.90. Following this sale, Gemmell holds 566,157 shares, which are currently valued at around C$5,038,797.30, marking a significant reduction of 34.64% in his holdings.
Discovery Silver shares opened at C$8.96 on the same day. Over the past year, the stock has seen a low of C$0.88 and a high of C$9.54. The company’s market capitalization stands at C$7.23 billion, with a price-to-earnings (P/E) ratio of 198.40 and a beta of 2.38. The fifty-day simple moving average is C$7.62, while the 200-day simple moving average is C$5.44.
In its most recent quarterly earnings report released on November 13, 2023, Discovery Silver reported earnings per share (EPS) of C$0.08 and total revenue of C$329.95 million for the quarter.
About Discovery Silver Corp.
Discovery Silver Corp. is an exploration and development firm focused on creating a large-scale, high-margin silver asset in Mexico. The company’s flagship project, the Cordero project, is noted for its potential profitability, size, and scalability. Located in a rich mining region in Chihuahua State, Mexico, the Cordero project is one of the few globally recognized for its promising silver deposits.
As the company continues to develop its resources, stakeholders will be keen to monitor both market performance and insider transactions, which can provide insights into the confidence levels of those closest to the firm.
