SilverCrest Metals (CVE:SIL) Shares Down 0.5% – Here’s Why

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

Analysts Set New Price Targets

SIL has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of SilverCrest Metals from C$12.00 to C$13.00 in a report on Friday, December 6th. Ventum Financial lowered shares of SilverCrest Metals from a “buy” rating to a “neutral” rating and lifted their price target for the stock from C$13.45 to C$15.50 in a research report on Monday, October 7th.

SilverCrest Metals Stock Down 0.5 %

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

Insider Activity at SilverCrest Metals

In other news, Senior Officer Bernard Poznanski sold 7,500 shares of the 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 value of C$103,875.00. Also, Director Ani Andreeva Markova sold 24,749 shares of the firm’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 transaction of C$331,636.60. In the last 90 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.