SilverSPAC (TSE:SLVR) Trading Down 9.2% – Time to Sell?

SilverSPAC Inc (TSE:SLVR) shares were down 9.2% during mid-day trading on Thursday . The company traded as low as C$0.79 and last traded at C$0.79. 466,659 shares were traded during trading, a decline of 69% from the average session volume of 1,499,455 shares. The stock had previously closed at C$0.87.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their target price on shares of SilverSPAC from C$1.70 to C$2.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$2.00.

SilverSPAC Trading Down 1.3%

The firm has a market cap of C$435.69 million, a PE ratio of -78.00 and a beta of 1.32. The stock’s 50 day simple moving average is C$0.77.

SilverSPAC Company Profile

Silver Tiger Metals Inc is a Canada based mineral exploration company. It is engaged in exploring for gold and base metals. The company’s project includes El Tigre Project which is located in Sonora, Mexico.