SilverCrest Metals Inc (CVE:SIL) Director Acquires C$419,500.00 in Stock

SilverCrest Metals Inc (CVE:SILGet Rating) Director John H. Wright acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average cost of C$8.39 per share, for a total transaction of C$419,500.00. Following the transaction, the director now owns 314,000 shares of the company’s stock, valued at approximately C$2,634,460.

SIL stock opened at C$8.52 on Thursday. The stock has a market capitalization of C$1.25 billion and a price-to-earnings ratio of -83.53. The company has a 50-day moving average of C$8.52 and a two-hundred day moving average of C$8.52. SilverCrest Metals Inc has a 52-week low of C$2.85 and a 52-week high of C$8.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.50 and a quick ratio of 5.43.

Several research firms have commented on SIL. Raymond James set a C$14.15 target price on shares of SilverCrest Metals and gave the stock an “outperform” rating in a research report on Thursday, May 12th. Stifel Nicolaus boosted their target price on SilverCrest Metals from C$15.25 to C$16.00 in a report on Wednesday, April 27th.

About SilverCrest Metals (Get Rating)

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.

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