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Mining and Gold Stock News Alert; SilverCrest
Investorideas.com, a leader in sector research for independent investors issues a trading alert for SilverCrest Mines Inc. ( TSX.V: SVL ) ( NYSE MKT: SVLC ) (CW5.F). The stock traded as high as $2.17 in earlier trading on the TSX, now at $2.11, up 0.04 (1.93%) 10:17AM EDT on over 96,000 shares.
The stock had pulled back below $2.00 this week, trading in the $1.80 range, followed by gains yesterday that moved it back over the $2.00 mark. Last Thursday the stock broke through its 200 day moving average of $2.43, a bullish indicator for investors and traders.
Analyst think there is still a lot of upside on the stock. On April 4th Investment Pitch issued the following – “Following the filing of a NI 43-101 compliant Technical Report for the La Joya resource update, which included results from preliminary metallurgical work, analyst Nicholas Campbell reiterated his buy recommendation, maintaining his $4.50 target price, a 91% premium to the $2.35 price the day the report was issued.”
On April 8 th the company announced results of further delineation drilling at the Santa Elena Mine in Sonora, Mexico. Since mid 2012, 132 drill holes have been completed to further expand underground resources and reserves.
This drill program continues to be extremely successful with the most recent holes identifying additional bonanza grades (as defined below) and providing further intercepts in the El Cholugo Zone. To date, resources at Santa Elena have been delineated along a strike length of over 1,200 metres and to a depth of 600 metres. The results of all holes included in this news release will be part of the ongoing resource expansion and reclassification to be included in the Pre-Feasibility Study for the Santa Elena Expansion Project which is nearing completion.
Read More: http://www.stockgoldmarket.com/mining-and-gold-stock-news-alert-silvercrest
