SilverSPAC (TSE:SLVR) Stock Price Up 9% – Here’s What Happened

SilverSPAC Inc (TSE:SLVR)’s stock price shot up 9% on Wednesday. The company traded as high as C$0.74 and last traded at C$0.73. Approximately 2,877,435 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 1,566,972 shares. The stock had previously closed at C$0.67.

Analyst Ratings Changes

Separately, Desjardins decreased their price target on shares of SilverSPAC from C$1.75 to C$1.60 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, SilverSPAC currently has a consensus rating of “Buy” and an average price target of C$1.80.

SilverSPAC Stock Performance

The firm’s 50 day moving average price is C$0.89. The company has a market capitalization of C$480.94 million, a PE ratio of -73.00 and a beta of 1.69.

SilverSPAC (TSE:SLVR) last announced its earnings results on Thursday, August 13th. The company reported C($0.00) EPS for the quarter.

About SilverSPAC

Silver Tiger is constructing the El Tigre Stockwork Zone Project (the ‘ Project ‘), a silver and gold heap leach project located in Sonora, Mexico. The Project is 100% owned by Silver Tiger and covers over 37,000 hectares. The 2026 technical report for the Project is available on SEDAR+ and under the Company’s profile as well as on its website at www.silvertigermetals.com.