Endeavour (EXK) Soars 10.4% on Higher Silver Prices

We precocious published 10 Big Names Feasting connected Gains Ahead of Thanksgiving. Endeavour Silver Corp. (NYSE:EXK) is 1 of the best-performing stocks connected Wednesday.

Endeavour Silver extended its winning streak to a 4th consecutive time connected Wednesday, jumping 10.37 percent to adjacent astatine $8.62 apiece arsenic investors loaded portfolios successful metallic miners implicit renewed optimism for an involvement complaint cut.

The banal rallied alongside its counterparts, mimicking the leap successful spot metallic prices, which, during the trading session, grew by 3.59 percent to $53.32 per troy ounce.

Typically, a little involvement complaint weakens the US dollar, making precious metals specified arsenic metallic and golden cheaper and much charismatic to overseas investors.

Copyright: joebelanger / 123RF Stock Photo

In different news, Endeavour Silver Corp. (NYSE:EXK) announced that it was selling its Bolañitos metallic and golden excavation task to Guanajuato Silver Company Ltd. for a full of $50 million.

Under the presumption of the agreement, Guanajuato would get each outstanding shares of Mina Bolañitos, SA de CV—which owns and operates the excavation successful Mexico—for $0.2709413 apiece.

Endeavour Silver Corp. (NYSE:EXK) said the inaugural was successful enactment with its plans to absorption connected the Terronera and Pitarrilla projects, besides located successful Mexico.

“By focusing our resources connected our halfway metallic assets, peculiarly delivering astatine Terronera and advancing the world- people Pitarrilla project, we are sharpening our operational absorption and positioning the institution for sustainable growth,” said Endeavour Silver Corp. (NYSE:EXK) Chief Executive Officer Dan Dickson.

While we admit the imaginable of EXK arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.