Silvercrest Mines Slumps: SVLC Falls 12.2% in Session – Tale of the Tape

March 25, 2014 Technicals 0

Zacks

Silvercrest Mines Inc. (SVLC) saw a big move last session, as the company’s shares fell over 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SVLC, as the stock is now down over 26% in the past one-month time frame.

This gold and silver producer has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the mining sector include Silver Standard Resources Inc. (SSRI), AngloGold Ashanti Ltd. (AU) and Richmont Mines Inc. (RIC). While Silver Standard Resources and AngloGold sport a Zacks Rank #1 (Strong Buy), Richmont holds a Zacks Rank #2 (Buy).

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