Endeavour Silver (TSE:EDR) Shares Up 7%

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) shares shot up 7% on Wednesday . The stock traded as high as C$5.80 and last traded at C$5.79. 348,044 shares traded hands during trading, a decline of 54% from the average session volume of 749,172 shares. The stock had previously closed at C$5.41.

Analyst Ratings Changes

Several research firms recently weighed in on EDR. BMO Capital Markets set a C$6.00 price target on shares of Endeavour Silver and gave the company an “outperform” rating in a research report on Monday, June 17th. CIBC increased their price target on shares of Endeavour Silver from C$4.25 to C$6.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd.

Endeavour Silver Price Performance

The company has a quick ratio of 2.38, a current ratio of 2.02 and a debt-to-equity ratio of 1.72. The stock has a market cap of C$1.43 billion, a P/E ratio of -576.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.76. The business’s 50-day simple moving average is C$4.92 and its two-hundred day simple moving average is C$3.50.

Insiders Place Their Bets

In other news, Senior Officer Dale Mah sold 41,400 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$5.22, for a total value of C$215,905.14. In related news, Senior Officer Luis Renato Castro sold 38,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$5.54, for a total value of C$211,505.76. Also, Senior Officer Dale Mah sold 41,400 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$5.22, for a total transaction of C$215,905.14. Insiders sold 114,800 shares of company stock worth $626,337 over the last quarter. 0.57% of the stock is currently owned by company insiders.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.