SilverCrest Metals Inc. (NYSEAMERICAN:SILV) Sees Large Decline in Short Interest

SilverCrest Metals Inc. (NYSEAMERICAN:SILV) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 4,250,000 shares, a decline of 28.3% from the September 15th total of 5,930,000 shares. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is currently 2.3 days. Currently, 2.9% of the shares of the company are sold short.

SilverCrest Metals Trading Down 0.5 %

SILV traded down $0.05 during mid-day trading on Friday, reaching $10.12. 2,622,934 shares of the company traded hands, compared to its average volume of 1,632,848. The firm has a market cap of $1.49 billion, a PE ratio of 12.97 and a beta of 1.22. SilverCrest Metals has a 52-week low of $4.63 and a 52-week high of $10.58.

SilverCrest Metals (NYSEAMERICAN:SILV) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that SilverCrest Metals will post 0.54 EPS for the current fiscal 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.