SilverCrest Metals (NYSEAMERICAN:SILV) Sees Unusually-High Trading Volume – Still a Buy?

Shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILVGet Free Report) saw strong trading volume on Wednesday . 1,073,306 shares changed hands during trading, a decline of 34% from the previous session’s volume of 1,632,707 shares.The stock last traded at $10.51 and had previously closed at $10.32.

SilverCrest Metals Trading Down 0.4 %

The firm has a market capitalization of $1.51 billion, a P/E ratio of 13.17 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILVGet Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The business had revenue of $72.74 million during the quarter. SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. As a group, equities analysts expect that SilverCrest Metals Inc. will post 0.54 earnings per share for the current year.

SilverCrest Metals Company Profile

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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.

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