SilverCrest Metals (TSE:SIL) Shares Up 4.9% – Time to Buy?

SilverCrest Metals Inc. (TSE:SIL)’s share price shot up 4.9% on Wednesday . The stock traded as high as C$14.68 and last traded at C$14.64. 263,298 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 207,848 shares. The stock had previously closed at C$13.96.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th.

SilverCrest Metals Trading Up 4.9 %

The business has a 50-day moving average of C$14.06 and a two-hundred day moving average of C$13.06. The firm has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 14.94 and a beta of 1.18. The company has a quick ratio of 9.14, a current ratio of 5.87 and a debt-to-equity ratio of 0.12.

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.