Americas Silver Shares Drop Below 50-Day Moving Average

On Monday, Americas Silver Corp (TSE:USA – Get Free Report) saw its shares dip below the 50-day moving average. The 50-day moving average is currently set at C$0.69, and during trading, the stock reached a low of C$0.67. The shares were last seen trading at C$0.70, with a total volume of 852,799 shares exchanged.

Recent Analyst Ratings

In a recent development, Cormark has raised Americas Silver's rating to a "moderate buy" as of January 23rd. This upgrade indicates a positive outlook from analysts regarding the company's future performance.

Stock Performance and Financial Metrics

Currently, Americas Silver has a market capitalization of C$294.45 million. The company presents a negative PE ratio of -2.89 and has a beta of 1.56, suggesting higher volatility compared to the market. Its financial ratios include a current ratio of 0.42, a quick ratio of 0.19, and a significant debt-to-equity ratio of 77.75. Besides the 50-day moving average of C$0.69, the stock also has a longer-term 200-day moving average of C$0.57.

Overview of Americas Silver Corp

(Get Free Report) Americas Silver Corp is involved in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company primarily explores resources such as silver, lead, zinc, and copper. Notably, it holds a 100% interest in the Cosalá Operations, which encompass 67 mining concessions covering around 19,385 hectares in Sinaloa, Mexico, as well as the Galena Complex located in Idaho, USA.

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