SilverCrest Metals (NYSEMKT:SILV) Stock Price Up 2.5% – Here’s What Happened

SilverCrest Metals Inc. (NYSEMKT:SILV) shares shot up 2.5% during mid-day trading on Thursday . The stock traded as high as $10.47 and last traded at $10.42. 1,241,310 shares were traded during mid-day trading, a decline of 13% from the average session volume of 1,423,583 shares. The stock had previously closed at $10.17.

SilverCrest Metals Price Performance

The firm has a market cap of $1.55 billion, a P/E ratio of 18.28 and a beta of 1.21. The company’s 50-day moving average is $10.06 and its two-hundred day moving average is $9.12.

Institutional Investors Weigh In On SilverCrest Metals

A hedge fund recently raised its stake in SilverCrest Metals stock. CANADA LIFE ASSURANCE Co boosted its position in SilverCrest Metals Inc. (NYSEMKT:SILV) by 347.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 61,731 shares of the company’s stock after purchasing an additional 47,941 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in SilverCrest Metals were worth $411,000 as of its most recent SEC filing. Institutional investors own 44.75% of the company’s stock.

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.