SilverCrest Metals Inc. (NYSE:SILV) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. cut its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,130 shares of the company’s stock after selling 2,300 shares during the quarter. Scotia Capital Inc.’s holdings in SilverCrest Metals were worth $188,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of SilverCrest Metals by 27.4% in the 4th quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock valued at $60,000 after purchasing an additional 1,402 shares during the last quarter. Perritt Capital Management Inc raised its holdings in shares of SilverCrest Metals by 21.8% in the fourth quarter. Perritt Capital Management Inc now owns 9,500 shares of the company’s stock worth $86,000 after buying an additional 1,700 shares during the last quarter. Mint Tower Capital Management B.V. acquired a new stake in shares of SilverCrest Metals during the fourth quarter worth $92,000. Virtu Financial LLC acquired a new stake in shares of SilverCrest Metals during the third quarter worth $95,000. Finally, Forvis Mazars Wealth Advisors LLC purchased a new stake in shares of SilverCrest Metals during the fourth quarter valued at $100,000. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Price Performance

Shares of SILV stock opened at $11.55 on Wednesday. The business has a fifty day moving average of $11.53 and a 200 day moving average of $10.61. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.98. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21.

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.