SilverSPAC (TSE:SLVR) Stock Price Down 9.2% – Here’s Why

SilverSPAC Inc (TSE:SLVR)’s share price was down 9.2% during mid-day trading on Thursday . The stock traded as low as C$0.79 and last traded at C$0.79. 466,659 shares were traded during trading, a decline of 69% from the average daily volume of 1,499,455 shares. The stock had previously closed at C$0.87.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their target price on shares of SilverSPAC from C$1.70 to C$2.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$2.00.

SilverSPAC Price Performance

The stock has a market cap of C$441.27 million, a P/E ratio of -79.00 and a beta of 1.32. The company has a 50-day moving average price of C$0.77.

About SilverSPAC

Silver Tiger Metals Inc is a Canada based mineral exploration company. It is engaged in exploring for gold and base metals. The company’s project includes El Tigre Project which is located in Sonora, Mexico.