Endeavour Silver (TSE:EDR) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.24 and traded as high as C$7.00. Endeavour Silver shares last traded at C$6.62, with a volume of 702,781 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EDR. BMO Capital Markets lifted their target price on Endeavour Silver from C$6.00 to C$7.00 in a report on Friday, August 2nd. TD Securities boosted their price objective on shares of Endeavour Silver from C$7.00 to C$7.50 in a research note on Friday, October 18th.

Endeavour Silver Stock Down 1.3 %

The company has a 50 day moving average of C$5.90 and a 200-day moving average of C$5.27. The company has a debt-to-equity ratio of 14.58, a current ratio of 2.02 and a quick ratio of 2.38. The company has a market cap of C$1.63 billion, a P/E ratio of -82.75, a price-to-earnings-growth ratio of 0.76 and a beta of 1.92.

Insider Activity

In other news, Senior Officer Donald Paul Gray sold 60,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$6.62, for a total value of C$396,990.00. Also, Director Rex John Mclennan sold 34,800 shares of Endeavour Silver stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$6.50, for a total transaction of C$226,200.00. Corporate insiders own 0.17% of the company’s stock.

About Endeavour Silver

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.