The Week Ahead: Are Investors Really Too Optimistic About SilverCrest Metals Inc (AMEX: SILV)

SilverCrest Metals Inc (AMEX:SILV) currently has a daily average trading volume of 1.67M but it saw 1420931 shares traded in last market. With a market cap of 1.23B USD, the company’s current market price of $8.37 came rising about 2.45 while comparing to the previous closing price of $8.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.65 and as low as $4.16.

Taking a look at 20-day trading activity of SilverCrest Metals Inc (SILV) gives us an average price of $7.64, while its current price level is -3.24% below from 52-week high level whereas it is 101.20% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.66 while that of 200 days or SMA-200 reads an average of $5.71. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.24% during that period while stretching the period over a month that increases to 4.71%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 65.42 which implies that the stock is in neutral territory.

Over the week, SILV’s stock price is moving 2.70% up while it is 22.55% when we observe its performance for the past one month. Year-to-date it is 27.79% up and over the past year, the stock is showing an upside performance of 28.57%.

Currently, SilverCrest Metals Inc’s total number of outstanding shares is 146.94M. Company’s return on investment (ROI) stands at 29.00% and return on equity (ROE) at 34.36%. It has a price to earnings ratio (P/E ratio) of 10.70 while having a 16.98 of forward P/E ratio. Stock’s beta reads 1.22. Stock has a price to book (P/B) ratio of 3.06 while price to sale or P/S ratio amounts to 5.02. Its return on asset (ROA) is 28.62% on average.