SilverCrest Mines Gains on Higher Silver Prices

Writing for Seeking Alpha, Holmes Osborne noted that SilverCrest Mines (TSXV:SVL) has seen its share price rise on the back of a higher silver price.

As quoted in the publication:

SilverCrest Metals (OTC:SVCMF) is a junior miner with several sites in the Sonoran Desert in Northern Mexico. This tiny miner is run by a management team that has built and sold several juniors to seniors. With the uptick in the price of silver, shares have done well recently.

While researching First Majestic (NYSE:AG), I came across SilverCrest. What interested about the stock is that it is widely known in the value investing community that activity after a merger or acquisition can often lead to underappreciated companies. Since the new company was formed in October of last year, it has only been around for six months.

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