Americas Silver (TSE:USA) Reaches New 1-Year High – Time to Buy?

Americas Silver Corp (TSE:USA) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.63 and last traded at C$0.60, with a volume of 384893 shares trading hands. The stock had previously closed at C$0.61.

Americas Silver Stock Performance

The company has a 50-day moving average of C$0.38 and a 200-day moving average of C$0.37. The firm has a market capitalization of C$163.51 million, a price-to-earnings ratio of -2.77 and a beta of 1.56. The company has a current ratio of 0.44, a quick ratio of 0.19 and a debt-to-equity ratio of 33.81.

Americas Silver (TSE:USA) last issued its earnings results on Thursday, August 15th. The company reported C($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.06) by C$0.03. The firm had revenue of C$43.27 million for the quarter. Americas Silver had a negative net margin of 45.63% and a negative return on equity of 55.44%. On average, equities research analysts forecast that Americas Silver Corp will post -0.08 earnings per share for the current fiscal year.

About Americas Silver

Americas Gold and Silver Corporation engages in the acquisition, evaluation, exploration, development, and operation of mineral properties. The company explores for silver, lead, zinc and copper. It principally owns 100% interests in the Cosalá Operations consisting of 67 mining concessions that cover approximately 19,385 hectares located in the state of Sinaloa, Mexico; and Galena Complex situated near the town of Wallace in the state of Idaho, the United States.