SilverCrest Metals (NYSEMKT:SILV) Trading Up 1.7%

SilverCrest Metals Inc. (NYSEMKT:SILV)’s stock price was up 1.7% during mid-day trading on Thursday . The company traded as high as $6.79 and last traded at $6.69. Approximately 1,667,711 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 1,423,583 shares. The stock had previously closed at $6.58.

SilverCrest Metals Trading Up 1.7 %

The stock has a market cap of $983.02 million, a P/E ratio of 8.58 and a beta of 1.28. The firm’s fifty day moving average is $5.73 and its 200 day moving average is $5.60.

Hedge Funds Weigh In On SilverCrest Metals

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in SilverCrest Metals during the 2nd quarter valued at $33,000. Deutsche Bank AG bought a new stake in shares of SilverCrest Metals in the fourth quarter valued at about $52,000. Chilton Capital Management LLC acquired a new stake in SilverCrest Metals during the first quarter worth about $63,000. UBS Group AG increased its stake in SilverCrest Metals by 81.9% during the third quarter. UBS Group AG now owns 10,310 shares of the company’s stock valued at $57,000 after acquiring an additional 4,642 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in SilverCrest Metals in the 1st quarter valued at approximately $79,000. 44.43% of the stock is currently owned by institutional investors.

SilverCrest Metals Company 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.