Shares of SilverCrest Metals (NYSEMKT:SILV) rose 0.8%

Shares of SilverCrest Metals Inc. (NYSEMKT:SILV – Get Your Free Report ) was up 0.8% during mid-day trading on Monday. The stock traded as high as $8.71 and last traded at $8.66. 1,035,298 shares changed hands in mid-day trading, down 27% from the session’s average volume of 1,423,583 shares. Shares previously closed at $8.59.

SilverCrest Metals Trading Up 0.8%

The firm has a market cap of $1.29 billion, a PE ratio of 10.43 and a beta of 1.20. The firm has a 50-day simple moving average of $8.76 and a 200-day simple moving average of $7.77.

Hedge funds influence SilverCrest metals

A number of hedge funds have recently bought and sold shares of SILV. Mesirow Financial Investment Management Inc. purchased a new stake in shares of SilverCrest Metals in the first quarter valued at approximately $107,000. Fore Capital LLC purchased a new position in shares of SilverCrest Metals in the first quarter valued at approximately $113,000. Oxbow Advisors LLC bought 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 worth $411,000 after buying an additional 47,941 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in SilverCrest Metals by 7.7% in the first quarter. Commonwealth Equity Services LLC now owns 86,675 shares of the company’s stock worth $577,000 after purchasing an additional 6,228 shares during the period. Hedge funds and other institutional investors own 44.75% of the company’s shares.

About SilverCrest Metals

(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.

Further reading

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