SilverCrest Metals (CVE:SIL) Shares Down 0.5% – Here’s Why

Shares of SilverCrest Metals Inc (CVE:SIL) dropped 0.5% during mid-day trading on Tuesday . The company traded as low as C$8.08 and last traded at C$8.52. Approximately 246,455 shares traded hands during trading, an increase of 58% from the average daily volume of 156,209 shares. The stock had previously closed at C$8.56.

Analysts Set New Price Targets

Separately, Royal Bank of Canada increased their price objective on SilverCrest Metals from C$12.00 to C$13.00 in a research note on Friday, December 6th.

SilverCrest Metals Stock Performance

The stock has a market capitalization of C$1.25 billion and a P/E ratio of -83.53. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of C$8.52 and a two-hundred day moving average price of C$8.52.

Insider Activity

In other news, Director John H. Wright sold 50,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of C$16.03, for a total transaction of C$801,500.00.

SilverCrest Metals Company Profile

SilverCrest Metals Inc acquires, explores for, and develops precious metal properties in Mexico. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 28 concessions totaling approximately 1,401 hectares located in Sonora, Mexico.