SilverCrest Metals (TSE:SIL) Shares Up 1.6% – Here’s What Happened

SilverCrest Metals Inc. (TSE:SIL) shot 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. 98,368 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 332,739 shares. The stock had previously closed at C$13.83.

Analyst Upgrades and Downgrades

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

SilverCrest Metals Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.12, a quick ratio of 9.14 and a current ratio of 5.87. The firm has a market capitalization of C$2.12 billion, a PE ratio of 14.61 and a beta of 1.18. The company has a fifty day moving average price of C$13.88 and a 200-day moving average price of C$12.56.

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.