SilverCrest Metals (TSE:SIL) Trading Up 1.6% – Time to Buy?

SilverCrest Metals Inc. (TSE:SIL) was up 1.6% during mid-day trading on Tuesday . The company traded as high as C$14.12 and last traded at C$14.05. Approximately 98,368 shares were traded during trading, a decline of 70% from the average daily volume of 332,739 shares. The stock had previously closed at C$13.83.

Analyst Ratings Changes

Separately, Ventum Cap Mkts lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

SilverCrest Metals Stock Performance

The company has a market cap of C$2.09 billion, a PE ratio of 14.34 and a beta of 1.18. The company has a 50-day moving average of C$13.85 and a 200-day moving average of C$12.54. The company has a quick ratio of 9.14, a current ratio of 5.87 and a debt-to-equity ratio of 0.12.

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.