Share price of SilverCrest Metals (NYSEMKT:SILV) falls 1.7%

Shares of SilverCrest Metals Inc. (NYSEMKT:SILV – Get Your Free Report ) traded down 1.7% during mid-day trading on Tuesday. The company traded as high as $9.43 and last traded at $9.55. 1,496,160 shares changed hands during trading, up 5% from the session’s average volume of 1,423,583 shares. Shares previously closed at $9.72.

SilverCrest metals stocks rose 1.6%

The stock’s 50-day moving average price is $8.75 and its 200-day moving average price is $8.13. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 10.95 and a beta of 1.22.

Hedge funds influence SilverCrest metals

Large investors have recently modified their stock holdings. Mesirow Financial Investment Management Inc. purchased a new position in shares of SilverCrest Metals in the 1st quarter worth approximately $107,000. Fore Capital LLC purchased a new position in SilverCrest Metals in the first quarter valued at about $113,000. Oxbow Advisors LLC purchased a new position in SilverCrest Metals in the first quarter valued at about $209,000. CANADA LIFE ASSURANCE Co boosted its holdings in SilverCrest Metals by 347.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 61,731 shares of the company’s stock valued at $411,000 after buying an additional 47,941 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in SilverCrest Metals by 7.7% in the first quarter. Commonwealth Equity Services LLC now owns 86,675 shares of the company’s stock valued at $577,000 after purchasing an additional 6,228 shares during the period. 44.75% of shares are currently owned by institutional investors and hedge funds.

SilverCrest Metals Company Profile

(Get a free report)

SilverCrest Metals Inc is engaged in the acquisition, exploration and development of precious metal properties in Mexico. The company mainly explores for silver and gold properties. It focuses on its flagship property, Mina Las Chispas, which consists of 28 concessions totaling approximately 1,401 hectares located in Sonora, Mexico, and operates a portfolio of El Picacho, Cruz de Mayo and Angel de Plata properties in Sonora, Mexico.

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