K2 Principal Fund L.P. Acquires New Position in SilverCrest Metals Inc. (NYSE:SILV)

K2 Principal Fund L.P. bought a new position in shares of SilverCrest Metals Inc. (NYSE:SILV) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 59,733 shares of the company’s stock, valued at approximately $544,000.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC grew its holdings in SilverCrest Metals by 7.9% during the third quarter. Geode Capital Management LLC now owns 71,022 shares of the company’s stock worth $662,000 after acquiring an additional 5,227 shares during the period. Barclays PLC increased its holdings in shares of SilverCrest Metals by 360.0% in the 3rd quarter. Barclays PLC now owns 39,714 shares of the company’s stock valued at $367,000 after purchasing an additional 31,081 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of SilverCrest Metals by 44.1% in the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock valued at $10,585,000 after purchasing an additional 350,294 shares during the period. Blue Trust Inc. boosted its holdings in SilverCrest Metals by 27.4% during the fourth quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock worth $60,000 after buying an additional 1,402 shares in the last quarter. Finally, Kercheville Advisors LLC acquired a new position in SilverCrest Metals during the fourth quarter worth about $191,000. 44.75% of the stock is owned by hedge funds and other institutional investors.

SilverCrest Metals Stock Performance

SILV stock opened at $11.55 on Friday. The firm has a 50 day moving average of $11.55 and a 200-day moving average of $10.77. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.98.

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.