SilverCrest Metals (NYSEAMERICAN:SILV) Shares Gap Up – Time to Buy?

SilverCrest Metals Inc. (NYSEAMERICAN:SILV) gapped up before the market opened on Monday . The stock had previously closed at $11.13, but opened at $11.64. SilverCrest Metals shares last traded at $11.79, with a volume of 832,866 shares traded.

SilverCrest Metals Trading Up 2.6 %

The company has a market capitalization of $1.72 billion, a P/E ratio of 14.94 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. The business had revenue of $72.74 million during the quarter. As a group, equities analysts expect that SilverCrest Metals Inc. will post 0.54 earnings per share for the current year.

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.