SilverCrest Metals (NYSEMKT:SILV) Trading Up 1.7%

SilverCrest Metals Inc. (NYSEMKT:SILV)’s stock price was up 1.7% on Thursday . The stock traded as high as $6.79 and last traded at $6.69. Approximately 1,667,711 shares traded hands during 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 business has a 50 day moving average price of $5.73 and a 200-day moving average price of $5.60. The company has a market cap of $983.02 million, a P/E ratio of 8.58 and a beta of 1.28.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC boosted its stake in shares of SilverCrest Metals by 1.5% during the 2nd quarter. Guggenheim Capital LLC now owns 209,757 shares of the company’s stock worth $1,229,000 after acquiring an additional 3,083 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of SilverCrest Metals by 3.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 80,778 shares of the company’s stock valued at $473,000 after purchasing an additional 2,524 shares during the last quarter. Cibc World Market Inc. raised its position in shares of SilverCrest Metals by 44.9% in the second quarter. Cibc World Market Inc. now owns 342,537 shares of the company’s stock valued at $2,007,000 after purchasing an additional 106,149 shares during the period. Caption Management LLC acquired a new stake in shares of SilverCrest Metals during the 2nd quarter worth about $205,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of SilverCrest Metals by 21.0% during the 2nd quarter. Osaic Holdings Inc. now owns 16,082 shares of the company’s stock worth $94,000 after buying an additional 2,792 shares during the period. 44.43% of the stock is currently owned by institutional investors and hedge funds.

About SilverCrest Metals

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.