SilverCrest Metals (NYSEMKT:SILV) Trading Down 1.7% – Here’s What Happened

SilverCrest Metals Inc. (NYSEMKT:SILV) shares were down 1.7% during mid-day trading on Wednesday . The company traded as low as $10.54 and last traded at $10.79. Approximately 1,445,534 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 1,423,583 shares. The stock had previously closed at $10.98.

SilverCrest Metals Trading Down 4.0 %

The company has a 50 day moving average price of $9.49 and a 200 day moving average price of $8.89. The company has a market capitalization of $1.45 billion, a P/E ratio of 14.32 and a beta of 1.23.

Institutional Investors Weigh In On SilverCrest Metals

A number of institutional investors have recently made changes to their positions in the company. Fore Capital LLC bought a new position in shares of SilverCrest Metals during the first quarter worth approximately $113,000. Oxbow Advisors LLC bought a new stake in SilverCrest Metals during the first quarter worth about $209,000. CANADA LIFE ASSURANCE Co grew its stake in SilverCrest Metals by 347.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 61,731 shares of the company’s stock worth $411,000 after buying an additional 47,941 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of SilverCrest Metals by 7.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 86,675 shares of the company’s stock valued at $577,000 after buying an additional 6,228 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of SilverCrest Metals during the 1st quarter worth approximately $599,000. Institutional investors own 44.75% of the company’s stock.

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.