SilverCrest Metals (NYSEAMERICAN:SILV) Trading 7.9% Higher – Here’s Why

SilverCrest Metals Inc. (NYSEAMERICAN:SILVGet Free Report) shot up 7.9% during mid-day trading on Thursday . The company traded as high as $11.06 and last traded at $11.00. 938,868 shares changed hands during trading, a decline of 39% from the average session volume of 1,535,750 shares. The stock had previously closed at $10.19.

SilverCrest Metals Price Performance

The company has a market cap of $1.61 billion, a P/E ratio of 14.03 and a beta of 1.22.

SilverCrest Metals Company Profile

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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.

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