SilverCrest Metals (CVE:SIL) Trading Down 0.5% – Here’s What Happened

SilverCrest Metals Inc (CVE:SIL) dropped 0.5% on Tuesday . The stock traded as low as C$8.08 and last traded at C$8.52. Approximately 246,455 shares changed hands during mid-day trading, an increase of 58% from the average daily volume of 156,209 shares. The stock had previously closed at C$8.56.

SilverCrest Metals Price Performance

The stock has a market capitalization of C$1.25 billion and a P/E ratio of -83.53. The business has a fifty day simple moving average of C$8.52 and a 200 day simple moving average of C$8.52. The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74.

SilverCrest Metals Company Profile

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. SilverCrest Metals Inc was incorporated in 2015 and is headquartered in Vancouver, Canada.