Dolly Varden Silver (CVE:DV) Shares Down 0.5% – Time to Sell?

Dolly Varden Silver Co. (CVE:DV) shares were down 0.5% during mid-day trading on Monday . The company traded as low as C$0.93 and last traded at C$0.95. Approximately 173,500 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 183,200 shares. The stock had previously closed at C$0.95.

Wall Street Analyst Weigh In

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

Dolly Varden Silver Price Performance

The business’s 50-day moving average price is C$1.05 and its 200-day moving average price is C$1.10. The firm has a market capitalization of C$308.03 million, a PE ratio of -10.89 and a beta of 1.38.

Insiders Place Their Bets

In other news, Director Darren Devine sold 75,776 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$1.22, for a total transaction of C$92,446.72. Also, Director Robert John Mcleod sold 250,000 shares of Dolly Varden Silver stock in a transaction on Monday, October 21st. The shares were sold at an average price of C$1.39, for a total transaction of C$346,925.00. In the last three months, insiders have sold 338,276 shares of company stock valued at $455,259. Insiders own 43.56% of the company’s stock.

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.