Americas Silver (TSE:USA) Sets New 1-Year High - Here's Why

Americas Silver Corp (TSE:USA - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.83 and last traded at C$0.81, with a volume of 646789 shares trading hands. The stock had previously closed at C$0.78.

Analysts Set New Price Targets

Separately, Cormark raised Americas Silver to a "moderate buy" rating in a report on Thursday, January 23rd.

Americas Silver Price Performance

The company has a 50 day simple moving average of C$0.66 and a 200-day simple moving average of C$0.53. The stock has a market cap of C$323.90 million, a price-to-earnings ratio of -3.18 and a beta of 1.56. The company has a quick ratio of 0.19, a current ratio of 0.42 and a debt-to-equity ratio of 77.75.

Americas Silver Company Profile

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.