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IMPACT Silver (CVE:IPT) Shares Up 14.6% - Still a Buy?

IMPACT Silver logo with Basic Materials background
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Key Points

  • IMPACT Silver shares jumped 14.6% to C$0.28 on Wednesday (intraday high C$0.28) while volume was 387,475 shares, roughly 74% below the average session volume.
  • The company shows strong liquidity with a quick ratio of 7.14 and current ratio of 5.55, modest leverage (debt/equity 0.32) and a market cap of C$96.74M, though it posts a negative P/E (-7.0).
  • IMPACT Silver is a Mexico-based silver, lead, zinc and gold miner owning multiple assets including the Royal Mines of Zacualpan, the Capire district and the Plomosas mine in Chihuahua.
  • Five stocks we like better than IMPACT Silver.

IMPACT Silver Corp. (CVE:IPT - Get Free Report)'s stock price traded up 14.6% during trading on Wednesday . The company traded as high as C$0.28 and last traded at C$0.28. 387,475 shares changed hands during trading, a decline of 74% from the average session volume of 1,513,369 shares. The stock had previously closed at C$0.24.

IMPACT Silver Trading Up 16.7%

The company has a quick ratio of 7.14, a current ratio of 5.55 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of C$0.28 and a 200 day simple moving average of C$0.33. The firm has a market capitalization of C$96.74 million, a P/E ratio of -7.00 and a beta of 1.50.

IMPACT Silver Company Profile

(Get Free Report)

IMPACT Silver Corp. engages in the exploration, development, and mineral processing activities in Mexico. The company produces silver, lead, zinc, and gold deposits. It owns interest in the Royal Mines of Zacualpan and the Capire Mineral District together covering an area of approximately 211 square kilometers located in central Mexico. The company also owns the Plomosas zinc-lead-silver mine located in Chihuahua, Northern Mexico. In addition, it operates the Guadalupe, Veta Negra, San Ramon, Cuchara, and Alacran gold-silver mines.

See Also

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