SilverCrest Metals Inc (CVE:SIL) Senior Officer Christopher Kyle Ritchie Sells 20,000 Shares

SilverCrest Metals Inc (CVE:SIL) Senior Officer Christopher Kyle Ritchie sold 20,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of C$5.55, for a total value of C$111,000.00.

SilverCrest Metals Stock Performance

SilverCrest Metals stock opened at C$8.52 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.50 and a quick ratio of 5.43. SilverCrest Metals Inc has a 12 month low of C$2.85 and a 12 month high of C$8.70. The company has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53. The stock’s 50-day moving average is C$8.52 and its 200-day moving average is C$8.52.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Raymond James reduced their target price on SilverCrest Metals from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Monday, October 23rd. Stifel Nicolaus raised their target price on shares of SilverCrest Metals from C$7.50 to C$7.75 and gave the stock a “hold” rating in a research report on Friday, October 20th. Finally, Royal Bank of Canada lowered shares of SilverCrest Metals from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$12.00 to C$7.50 in a research report on Wednesday, August 2nd.

About SilverCrest Metals

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.