SilverCrest Metals (CVE:SIL) Trading ∞ Higher

SilverCrest Metals Inc (CVE:SIL)’s stock price traded up ∞ during trading on Monday . The stock traded as high as C$8.41 and last traded at C$8.19, 148,911 shares were traded during trading. A decline of 5% from the average session volume of 156,209 shares.

Several equities research analysts have commented on the company. Pi Financial boosted their price objective on SilverCrest Metals from C$9.50 to C$10.00 in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price objective on SilverCrest Metals from C$7.50 to C$9.50 and gave the stock an “outperform” rating in a research note on Monday, September 9th. National Bank Financial boosted their price objective on SilverCrest Metals from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Canaccord Genuity boosted their price objective on SilverCrest Metals from C$5.75 to C$6.75 in a research note on Monday, July 22nd. Finally, Eight Capital boosted their price objective on SilverCrest Metals from C$9.00 to C$10.00 in a research note on Monday, October 21st.

The company has a 50 day simple moving average of C$8.19 and a 200 day simple moving average of C$6.45. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.43 and a current ratio of 5.50. The company has a market capitalization of $520.91 million and a PE ratio of -80.29.

In other news, Senior Officer Christopher Kyle Ritchie sold 31,100 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of C$7.74, for a total value of C$240,567.83. Following the completion of the sale, the insider now directly owns 652,300 shares in the company, valued at C$5,045,736.19.

About SilverCrest Metals (CVE:SIL)

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.

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