SilverCrest Metals (CVE:SIL) Trading Down 0.5% – Should You Sell?

SilverCrest Metals Inc (CVE:SIL) was down 0.5% during trading on Wednesday . The stock traded as low as C$8.08 and last traded at C$8.52. Approximately 246,455 shares were traded during trading, an increase of 58% from the average daily volume of 156,209 shares. The stock had previously closed at C$8.56.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SIL. Ventum Financial cut SilverCrest Metals from a “buy” rating to a “neutral” rating and increased their price target for the company from C$13.45 to C$15.50 in a research note on Monday, October 7th. Royal Bank of Canada increased their price objective on shares of SilverCrest Metals from C$12.00 to C$13.00 in a research report on Friday, December 6th.

SilverCrest Metals Stock Performance

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 firm has a market cap of C$1.25 billion and a P/E ratio of -83.53. The company’s 50 day moving average is C$8.52 and its 200 day moving average is C$8.52.

Insider Activity

In other news, Director Ani Andreeva Markova sold 24,749 shares of the company’s 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 value of C$331,636.60. Also, Senior Officer Bernard Poznanski sold 5,770 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$14.16, for a total transaction of C$81,703.20. In the last ninety days, insiders sold 54,019 shares of company stock worth $770,815.

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.