SilverCrest Metals (CVE:SIL) Trading Down 0.5% – Time to Sell?

SilverCrest Metals Inc (CVE:SIL)’s share price traded down 0.5% on Wednesday . The company traded as low as C$8.08 and last traded at C$8.52. 246,455 shares traded hands during trading, an increase of 58% from the average session volume of 156,209 shares. The stock had previously closed at C$8.56.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Ventum Financial lowered SilverCrest Metals from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from C$13.45 to C$15.50 in a research report on Monday, October 7th. Royal Bank of Canada boosted their price target on SilverCrest Metals from C$12.00 to C$13.00 in a research note on Friday, December 6th.

SilverCrest Metals Stock Performance

The company has a market capitalization of C$1.25 billion and a price-to-earnings ratio of -83.53. The company has a 50 day moving average price of C$8.52 and a 200 day moving average price of C$8.52. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.43 and a current ratio of 5.50.

Insider Buying and Selling at SilverCrest Metals

In other SilverCrest Metals news, Senior Officer Bernard Poznanski sold 5,770 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$14.16, for a total transaction of C$81,703.20. Also, Director Nathan Eric Fier sold 16,000 shares of SilverCrest Metals stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$15.85, for a total transaction of C$253,600.00. Over the last quarter, insiders sold 54,019 shares of company stock valued at $770,815.

SilverCrest Metals Company Profile

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.