SilverSPAC (TSE:SLVR) Stock Jumps 9% – Here’s Why

SilverSPAC Inc (TSE:SLVR)’s stock price rose 9% on Wednesday. The stock traded as high as C$0.74 and last traded at C$0.73. 2,877,435 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 1,566,972 shares. The stock had previously closed at C$0.67.

Analyst Ratings Changes

Separately, Desjardins decreased their price target on shares of SilverSPAC from C$1.75 to C$1.60 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$1.80.

SilverSPAC Trading Up 9.0%

The firm has a market capitalization of C$480.94 million, a PE ratio of -73.00 and a beta of 1.69. The stock’s fifty day simple moving average is C$0.90.

SilverSPAC (TSE:SLVR) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.00) earnings per share (EPS) for the quarter.

SilverSPAC Company Profile

Silver Tiger is constructing the El Tigre Stockwork Zone Project (the ‘ Project ‘), a silver and gold heap leach project located in Sonora, Mexico. The Project is 100% owned by Silver Tiger and covers over 37,000 hectares. The 2026 technical report for the Project is available on SEDAR+ and under the Company’s profile as well as on its website at www.silvertigermetals.com.