Insider Selling: SilverCrest Metals Inc (CVE:SIL) Director Sells 24,749 Shares of Stock

SilverCrest Metals Inc (CVE:SIL) Director Ani Andreeva Markova sold 24,749 shares of SilverCrest Metals stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$13.40, for a total transaction of C$331,636.60.

SilverCrest Metals Price Performance

SIL opened at C$8.52 on Wednesday. The firm has a market capitalization of C$1.25 billion and a P/E ratio of -83.53. The stock has a fifty day moving average of C$8.52 and a 200-day moving average of C$8.52. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74. SilverCrest Metals Inc has a 12-month low of C$2.85 and a 12-month high of C$8.70.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Ventum Financial lowered SilverCrest Metals from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$13.45 to C$15.50 in a research note on Monday, October 7th. Stifel Nicolaus decreased their price target on SilverCrest Metals from C$12.50 to C$11.50 in a research report on Thursday, August 8th. Finally, Raymond James lifted their price target on SilverCrest Metals from C$11.50 to C$15.00 in a research note on Thursday, August 1st.

About SilverCrest Metals

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.