Perritt Capital Management Inc Purchases 1,700 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Perritt Capital Management Inc boosted its position in SilverCrest Metals Inc. (NYSE:SILV) by 21.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Perritt Capital Management Inc’s holdings in SilverCrest Metals were worth $86,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of SilverCrest Metals by 27.4% in the 4th quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock worth $60,000 after buying an additional 1,402 shares during the period. D.A. Davidson & CO. bought a new stake in SilverCrest Metals during the third quarter worth about $92,000. Mint Tower Capital Management B.V. purchased a new stake in SilverCrest Metals in the fourth quarter worth about $92,000. Virtu Financial LLC bought a new position in shares of SilverCrest Metals during the third quarter valued at approximately $95,000. Finally, Forvis Mazars Wealth Advisors LLC purchased a new position in shares of SilverCrest Metals during the fourth quarter valued at approximately $100,000. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Price Performance

Shares of SILV opened at $11.55 on Wednesday. The stock has a market cap of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21. The business’s 50 day moving average price is $11.27 and its 200-day moving average price is $10.45. SilverCrest Metals Inc. has a 52 week low of $4.83 and a 52 week high of $11.98.

SilverCrest Metals Profile

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.