SilverCrest Metals (CVE:SIL) Shares Down 0.5% – What’s Next?

Shares of SilverCrest Metals Inc (CVE:SIL) fell 0.5% during trading on Wednesday . 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.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Ventum Financial lowered SilverCrest Metals from a “buy” rating to a “neutral” rating and increased their target price for the stock from C$13.45 to C$15.50 in a research report on Monday, October 7th. Royal Bank of Canada lifted their price objective on SilverCrest Metals from C$12.00 to C$13.00 in a research note on Friday, December 6th.

SilverCrest Metals Stock Performance

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

Insiders Place Their Bets

In related news, Director Ani Andreeva Markova sold 24,749 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$13.40, for a total value of C$331,636.60. Also, Senior Officer Bernard Poznanski sold 5,770 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$14.16, for a total transaction of C$81,703.20. Insiders have sold 54,019 shares of company stock valued at $770,815 over the last quarter.

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.