SilverCrest Metals Inc. (NYSE:SILV), closed the day at $7.11, a fall of 0 per cent and a stock price that brought its market cap to $904.58 million. The 52-week range for the stock was 2.96 – 8.30 that put its current price at a premium of 140.2% to the 52-week low price whereas it is trading at a discount of -14.34% to the 52-week high price.
VANCOUVER, BC – April 24, 2020 / SELL SIDE ANALYST / — SilverCrest Metals Inc. (NYSE:SILV) on April 24, 2020 announced that it has closed the private placement with SSR Mining Inc. (“SSR Mining”) previously announced on April 21, 2020 pursuant to which SSR Mining elected to exercise its equity participation right. SSR Mining purchased 3,597,291 common shares of the Company at a price of C$7.50 per share for a total investment of C$26,979,682.50. The common shares have a statutory hold period of four months and one day expiring August 25, 2020.
As previously announced on April 17, with the closing of the non-brokered private placement offering and exercise by SSR Mining of its equity participation right, SilverCrest is in a robust financial position to advance the high-grade precious metal Las Chispas Project in Sonora, Mexico with a cash balance of C$234 million in its treasury. In conjunction with closing of the SSR Mining placement, SSR Mining has advised SilverCrest that it has entered into a transaction for resale of the common shares with 2176423 Ontario Ltd., a corporation beneficially controlled by Mr. Eric Sprott. For further details on this transaction, please see news release dated April 21, 2020.
The Other Industrial Metals & Mining company’s EPS for trailing 12 months is -$0.07 and it is estimated to be posting an EPS of $17.38 for the current quarter. The outstanding share count is 127.23 million shares but the size of available float is 95.07 million shares. The stock’s current price is trailing SMA-200 by 18.45% which is also 19.46% up from SMA-50. Reducing that period to a shorter term, we see the price is trailing 13.22% to the SMA-20. Volatility for the week was 6.59%, which was 7.56% in the previous month.
The company closed the session with a trading volume of 496.01 thousand shares, below from its average daily trading volume of 1.22 million. When looking at performance, we see the stock demonstrating a weekly performance of 0.57% while keeping a monthly performance of 34.4%. Quarterly performance saw a rise of 13.04% but succeeded to record a yearly performance of 131.6% while showing YTD performance of 5.49% which was 26.96% for last six months.