Pierre Beaudoin Sells 15,400 Shares of SilverCrest Metals Inc (CVE:SIL) Stock

SilverCrest Metals Inc (CVE:SIL) Senior Officer Pierre Beaudoin sold 15,400 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of C$7.36, for a total transaction of C$113,344.00.

SilverCrest Metals Stock Down 0.5 %

SilverCrest Metals stock traded down C$0.04 during midday trading on Monday, reaching C$8.52. The stock had a trading volume of 246,455 shares, compared to its average volume of 156,209. The firm’s fifty day simple moving average is C$8.52 and its 200-day simple moving average is C$8.52. SilverCrest Metals Inc has a 1-year low of C$2.85 and a 1-year high of C$8.70. The stock has a market capitalization of C$1.25 billion and a P/E ratio of -83.53. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.43 and a current ratio of 5.50.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SIL. Raymond James decreased their price objective on SilverCrest Metals from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research report on Monday, October 23rd. Stifel Nicolaus boosted their price objective on SilverCrest Metals from C$7.50 to C$7.75 and gave the company a “hold” rating in a research report on Friday, October 20th. Finally, Royal Bank of Canada cut shares of SilverCrest Metals from an “outperform” rating to a “sector perform” rating and cut their price objective for the company 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.