Americas Silver (TSE:USA) Sets New 52-Week High – Here’s What Happened

Shares of Americas Silver Corp (TSE:USA) reached a new 52-week high on Thursday . The company traded as high as C$0.85 and last traded at C$0.84, with a volume of 1283673 shares traded. The stock had previously closed at C$0.83.

Analysts Set New Price Targets

Separately, Cormark upgraded shares of Americas Silver to a “moderate buy” rating in a research note on Thursday, January 23rd.

Americas Silver Trading Up 2.4 %

The business’s 50 day moving average is C$0.74 and its 200 day moving average is C$0.60. The stock has a market cap of C$357.55 million, a price-to-earnings ratio of -3.51 and a beta of 1.56. The company has a debt-to-equity ratio of 77.75, a current ratio of 0.42 and a quick ratio of 0.19.

About Americas Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.