SilverCrest Metals (CVE:SIL) Stock Price Down 0.5% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SIL shares. Royal Bank of Canada lifted their target price on shares of SilverCrest Metals from C$12.00 to C$13.00 in a research note on Friday, December 6th. Ventum Financial downgraded shares of SilverCrest Metals from a “buy” rating to a “neutral” rating and lifted their target price for the stock from C$13.45 to C$15.50 in a research note on Monday, October 7th.

SilverCrest Metals Stock Down 0.5 %

The business’s 50 day moving average price is C$8.52 and its 200-day moving average price is C$8.52. The firm has a market capitalization of C$1.25 billion and a PE ratio of -83.53. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.43 and a current ratio of 5.50.

Insider Activity

In related news, Director Nathan Eric Fier sold 16,000 shares of SilverCrest Metals stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$15.85, for a total value of C$253,600.00. Also, Senior Officer Bernard Poznanski sold 7,500 shares of SilverCrest Metals stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$13.85, for a total transaction of C$103,875.00. In the last three months, insiders have sold 54,019 shares of company stock valued at $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.