Silvercrest Mines (SVLC) Jumps: Stock Rises 7.0% - Tale of the Tape

By Zacks Equity Research,

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Silvercrest Mines Inc. ( SVLC ) was a big mover last session, as the company saw its shares rise by over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.73 to $2.06 in the past one-month time frame.

This silver mining company no estimate revision over the last 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Silvercrest Mines. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.

Silvercrest Mines currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the basic materials sector include Alexco Resource Corporation ( AXU ), Archer Daniels Midland Company ( ADM ) and Hochschild Mining plc ( HCHDF ). While Alexco Resource and Archer Daniels Midland hold a Zacks Rank #1 (Strong Buy), Hochschild Mining carries a Zacks Rank #2 (Buy).

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ARCHER DANIELS (ADM): Free Stock Analysis Report

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SILVERCREST MIN (SVLC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: ADM , AXU , HCHDF , SVLC

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