Endeavour Silver (TSE:EDR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

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

Endeavour Silver Trading Down 1.3 %

The stock’s 50 day simple moving average is C$5.90 and its two-hundred day simple moving average is C$5.27. The stock has a market capitalization of C$1.63 billion, a PE ratio of -82.75, a PEG ratio of 0.76 and a beta of 1.92. The company has a debt-to-equity ratio of 14.58, a current ratio of 2.02 and a quick ratio of 2.38.

Insider Buying and Selling

In related news, Director Rex John Mclennan sold 34,800 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$6.50, for a total value of C$226,200.00. Also, Senior Officer Donald Paul Gray sold 60,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$6.62, for a total transaction of C$396,990.00. 0.17% of the stock is currently owned by insiders.

Endeavour Silver Company Profile

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.