SilverCrest Metals (NYSEAMERICAN:SILV) Shares Gap Down – Time to Sell?

Shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV) gapped down before the market opened on Wednesday . The stock had previously closed at $9.66, but opened at $8.82. SilverCrest Metals shares last traded at $9.19, with a volume of 622,067 shares trading hands.

SilverCrest Metals Stock Down 3.7 %

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 11.92 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last released its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. The firm had revenue of $72.74 million during the quarter. Equities research analysts forecast that SilverCrest Metals Inc. will post 0.54 EPS for the current fiscal year.

About SilverCrest Metals

SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.