SilverSPAC (TSE:SLVR) Trading 10.6% Higher – What’s Next?

Shares of SilverSPAC Inc (TSE:SLVR) were up 10.6% during mid-day trading on Thursday . The stock traded as high as C$0.75 and last traded at C$0.73. Approximately 620,857 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 1,644,961 shares. The stock had previously closed at C$0.66.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their price objective on SilverSPAC from C$1.70 to C$2.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, SilverSPAC currently has a consensus rating of “Buy” and an average price target of C$2.00.

SilverSPAC Price Performance

The company has a market cap of C$463.22 million, a price-to-earnings ratio of -83.00 and a beta of 1.27.

SilverSPAC Company Profile

Silver Tiger Metals Inc is a Canada based mineral exploration company. It is engaged in exploring for gold and base metals. The company’s project includes El Tigre Project which is located in Sonora, Mexico.