SilverCrest Metals Inc (CVE:SIL) Director Purchases C$419,500.00 in Stock

SilverCrest Metals Inc (CVE:SILGet Rating) Director John H. Wright acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were bought at an average price of C$8.39 per share, with a total value of C$419,500.00. Following the transaction, the director now owns 314,000 shares in the company, valued at approximately C$2,634,460.

Shares of SIL traded down C$0.04 during mid-day trading on Monday, reaching C$8.52. The company had a trading volume of 246,455 shares, compared to its average volume of 156,209. SilverCrest Metals Inc has a fifty-two week low of C$2.85 and a fifty-two week high of C$8.70. The firm has a fifty day simple moving average of C$8.52 and a 200-day simple moving average of C$8.52. The stock has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53. The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74.

A number of research firms recently commented on SIL. Stifel Nicolaus lifted their price objective on SilverCrest Metals from C$15.25 to C$16.00 in a research report on Wednesday, April 27th. Raymond James set a C$14.15 price target on SilverCrest Metals and gave the stock an “outperform” rating in a research note on Thursday.

About SilverCrest Metals (Get Rating)

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.

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