SilverCrest Metals (TSE:SIL) Shares Up 1.6% – Should You Buy?

SilverCrest Metals Inc. (TSE:SIL)’s stock price was up 1.6% on Tuesday . The company traded as high as C$14.12 and last traded at C$14.05. Approximately 98,368 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 332,739 shares. The stock had previously closed at C$13.83.

Wall Street Analysts Forecast Growth

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

SilverCrest Metals Price Performance

The firm has a fifty day moving average of C$13.88 and a two-hundred day moving average of C$12.56. The company has a current ratio of 5.87, a quick ratio of 9.14 and a debt-to-equity ratio of 0.12. The company has a market capitalization of C$2.12 billion, a PE ratio of 14.61 and a beta of 1.18.

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.