SilverSPAC (TSE:SLVR) Trading Down 9.2% – Here’s Why

Shares of SilverSPAC Inc (TSE:SLVR) traded down 9.2% on Thursday . The company traded as low as C$0.79 and last traded at C$0.79. 466,659 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,499,455 shares. The stock had previously closed at C$0.87.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their price target on shares of SilverSPAC from C$1.70 to C$2.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$2.00.

SilverSPAC Stock Down 9.2%

The business has a 50 day moving average of C$0.77. The company has a market capitalization of C$441.27 million, a P/E ratio of -79.00 and a beta of 1.32.

SilverSPAC Company Profile

Silver Tiger Metals Inc is a Canada based mineral exploration company. It is engaged in exploring for gold and base metals. The company’s project includes El Tigre Project which is located in Sonora, Mexico.