Mint Tower Capital Management B.V. Acquires Shares of 10,062 SilverCrest Metals Inc. (NYSE:SILV)

Mint Tower Capital Management B.V. purchased a new position in shares of SilverCrest Metals Inc. (NYSE:SILV) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 10,062 shares of the company’s stock, valued at approximately $92,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its holdings in SilverCrest Metals by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 216,554 shares of the company’s stock valued at $1,971,000 after acquiring an additional 1,296 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of SilverCrest Metals by 27.4% in the fourth quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock valued at $60,000 after buying an additional 1,402 shares during the period. Townsquare Capital LLC raised its stake in shares of SilverCrest Metals by 6.9% in the 3rd quarter. Townsquare Capital LLC now owns 23,012 shares of the company’s stock valued at $213,000 after purchasing an additional 1,477 shares during the period. Lane Generational LLC lifted its stake in SilverCrest Metals by 0.5% in the 4th quarter. Lane Generational LLC now owns 565,166 shares of the company’s stock valued at $5,143,000 after acquiring an additional 2,888 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of SilverCrest Metals by 1.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 296,300 shares of the company’s stock worth $2,699,000 after purchasing an additional 3,400 shares in the last quarter. 44.75% of the stock is currently owned by institutional investors and hedge funds.

SilverCrest Metals Price Performance

Shares of SilverCrest Metals stock opened at $11.55 on Thursday. The stock has a market cap of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.98. The business’s 50 day moving average is $11.14 and its 200-day moving average is $10.35.

SilverCrest Metals Profile

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.