Dolly Varden Silver (CVE:DV) Trading Down 5.2% – What’s Next?

Dolly Varden Silver Co. (CVE:DV)’s stock price traded down 5.2% during trading on Monday . The stock traded as low as C$0.91 and last traded at C$0.91. 172,108 shares were traded during mid-day trading, a decline of 43% from the average session volume of 304,562 shares. The stock had previously closed at C$0.96.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their target price on shares of Dolly Varden Silver from C$1.25 to C$1.60 and gave the company an “outperform” rating in a research note on Tuesday, October 1st.

Dolly Varden Silver Stock Performance

The stock has a market cap of C$298.60 million, a P/E ratio of -10.56 and a beta of 1.38. The firm has a 50-day moving average price of C$1.15 and a 200-day moving average price of C$1.10.

Insider Buying and Selling at Dolly Varden Silver

In related news, insider Fury Gold Mines Limited sold 3,000,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$1.12, for a total value of C$3,356,400.00. Also, Director Robert John Mcleod sold 250,000 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of C$1.39, for a total transaction of C$346,925.00. Over the last 90 days, insiders sold 3,338,276 shares of company stock valued at $3,811,659. 43.56% of the stock is currently owned by company insiders.

Dolly Varden Silver Company Profile

Dolly Varden Silver Corporation engages in the acquisition and exploration of mineral properties in Canada. It explores for gold, silver, lead, zinc, and copper deposits. The company holds 100% interests in the Kitsault Valley project, which comprises the Dolly Varden property and the Homestake Ridge property located in the Golden Triangle of British Columbia, Canada; and the Big Bulk property located in Canada.