SilverCrest Metals (CVE:SIL) Shares Down 0.5% – Should You Sell?

SilverCrest Metals Inc (CVE:SIL)’s stock price dropped 0.5% during trading on Tuesday . The stock traded as low as C$8.08 and last traded at C$8.52. Approximately 246,455 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 156,209 shares. The stock had previously closed at C$8.56.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their price target on SilverCrest Metals from C$12.00 to C$13.00 in a research note on Friday, December 6th.

SilverCrest Metals Trading Down 0.5 %

The company has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74. The business’s fifty day simple moving average is C$8.52 and its two-hundred day simple moving average is C$8.52.

Insider Activity at SilverCrest Metals

In other news, Director John H. Wright sold 50,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of C$16.03, for a total value of C$801,500.00.

About SilverCrest Metals

SilverCrest Metals Inc acquires, explores for, and develops precious metal properties in Mexico. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 28 concessions totaling approximately 1,401 hectares located in Sonora, Mexico.