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

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

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lifted their price objective on shares of SilverCrest Metals from C$12.00 to C$13.00 in a 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 firm’s fifty day moving average price is C$8.52 and its 200 day moving average price is C$8.52.

Insider Activity

In related news, Senior Officer Bernard Poznanski sold 5,770 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$14.16, for a total transaction of C$81,703.20. Also, Director Nathan Eric Fier sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of C$15.85, for a total transaction of C$253,600.00. In the last quarter, insiders sold 71,770 shares of company stock worth $1,136,803.

SilverCrest Metals Company Profile

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.