Endeavour Silver (TSE:EDR) Stock Price Down 8.6% – Here’s Why

Shares of Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) traded down 8.6% during trading on Wednesday . The company traded as low as C$6.24 and last traded at C$6.30. 94,641 shares traded hands during trading, a decline of 88% from the average session volume of 765,734 shares. The stock had previously closed at C$6.89.

Analyst Ratings Changes

EDR has been the topic of a number of research reports. TD Securities raised their price objective on Endeavour Silver from C$7.00 to C$7.50 in a report on Friday, October 18th. BMO Capital Markets lifted their price target on shares of Endeavour Silver from C$6.00 to C$7.00 in a research report on Friday, August 2nd. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 14.58, a current ratio of 2.02 and a quick ratio of 2.38. The company has a market cap of C$1.55 billion, a PE ratio of -78.50, a P/E/G ratio of 0.76 and a beta of 1.92. The company has a 50-day moving average price of C$6.06 and a two-hundred day moving average price of C$5.32.

Insider Buying and Selling at Endeavour Silver

In other Endeavour Silver news, Senior Officer Donald Paul Gray sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of C$6.62, for a total transaction of C$396,990.00. Also, Director Rex John Mclennan sold 34,800 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$6.50, for a total value of C$226,200.00. 0.17% of the stock is owned by corporate insiders.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.