SilverCrest Metals (TSE:SIL) Shares Up 0.8% – Should You Buy?

SilverCrest Metals Inc. (TSE:SIL)’s share price rose 0.8% during mid-day trading on Tuesday . The stock traded as high as C$14.44 and last traded at C$14.35. Approximately 111,262 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 322,768 shares. The stock had previously closed at C$14.24.

Analyst Ratings Changes

Separately, Ventum Cap Mkts lowered SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

SilverCrest Metals Stock Performance

The stock has a market cap of C$1.95 billion, a price-to-earnings ratio of 13.41 and a beta of 1.18. The stock’s 50-day simple moving average is C$14.42 and its two-hundred day simple moving average is C$12.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 9.14 and a current ratio of 5.87.

About SilverCrest Metals

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.