Perritt Capital Management Inc Purchases 1,700 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Perritt Capital Management Inc lifted its position in shares of SilverCrest Metals Inc. (NYSE:SILV) by 21.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,500 shares of the company’s stock after buying an additional 1,700 shares during the quarter. Perritt Capital Management Inc’s holdings in SilverCrest Metals were worth $86,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in SilverCrest Metals by 27.4% during the 4th quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock valued at $60,000 after purchasing an additional 1,402 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of SilverCrest Metals during the third quarter valued at $92,000. Mint Tower Capital Management B.V. bought a new position in shares of SilverCrest Metals during the fourth quarter valued at $92,000. Virtu Financial LLC purchased a new stake in shares of SilverCrest Metals during the third quarter valued at $95,000. Finally, Forvis Mazars Wealth Advisors LLC bought a new stake in SilverCrest Metals in the 4th quarter worth about $100,000. 44.75% of the stock is currently owned by hedge funds and other institutional investors.

SilverCrest Metals Stock Performance

SILV opened at $11.55 on Wednesday. The company’s 50-day simple moving average is $11.27 and its two-hundred day simple moving average is $10.45. The stock has a market capitalization of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a 52-week low of $4.83 and a 52-week high of $11.98.

SilverCrest Metals Company Profile

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.