SilverCrest Metals (TSE:SIL) Trading Up 0.8% – Here’s What Happened

SilverCrest Metals Inc. (TSE:SIL) traded up 0.8% during mid-day trading on Tuesday . The stock traded as high as C$14.44 and last traded at C$14.35. 111,262 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 322,768 shares. The stock had previously closed at C$14.24.

Analyst Ratings Changes

Separately, Ventum Cap Mkts downgraded shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

SilverCrest Metals Trading Down 2.2 %

The business has a 50-day moving average price of C$14.42 and a 200-day moving average price of C$12.83. The company has a quick ratio of 9.14, a current ratio of 5.87 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of C$1.95 billion, a P/E ratio of 13.41 and a beta of 1.18.

About SilverCrest Metals

SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.