In recent days, the Discovery Silver Corp (OTCMKTS:DSVSF) stock has not had a particularly great time as investors headed for the exits. This past Friday, the selloff in the stock continued and it tanked by 5% to take the losses for the past month to as much as 14%.
Last week the company announced the results from the 13 diamond drill holes that had been drilled at the Cordero project owned by Discovery Silver Corp. The property is located in Chihuahua States in Mexico. It should be noted that the holes that have been drilled by the company is part of the Phase 1 drill programme that had been completed by the company not too long ago.
The company also noted that the results from this particular program are going to be included in the new resource estimate that is going to be announced in the third quarter of the year. At this point in time, the Phase 2 of the drilling programme is being conducted by Discovery Silver Corp. While the stock may have declined, it is perhaps still imperative for investors to keep an eye on all the news with regards to Discovery Silver Corp at this point.
Market Reaction:
On Friday, DSVSF stock fell 4.70% at $1.50 with more than 363k shares, compared to its average volume of 232k shares. The stock had moved within a range of $1.4800 – 1.5800 after opening the trade at $1.57. Over the past 52-week, the stock has been trading within a range of $0.9160 – 2.2300.
 Stock Continues to Fall: Now What?){kind=link}