SilverCrest Metals (TSE:SIL) Shares Up 4.9% – Here’s What Happened

SilverCrest Metals Inc. (TSE:SIL) traded up 4.9% on Wednesday . The stock traded as high as C$14.68 and last traded at C$14.64. 263,298 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 207,848 shares. The stock had previously closed at C$13.96.

Analysts Set New Price Targets

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

SilverCrest Metals Stock Up 4.9 %

The firm has a market cap of C$2.18 billion, a price-to-earnings ratio of 14.94 and a beta of 1.18. The firm has a 50 day moving average price of C$14.06 and a 200-day moving average price of C$13.06. The company has a current ratio of 5.87, a quick ratio of 9.14 and a debt-to-equity ratio of 0.12.

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.