Endeavour (EXK) Soars 15% on Silver Boost

We precocious published 10 Stocks Racking Up Big Gains. Endeavour Silver Corp. (NYSE:EXK) is 1 of the apical performers of past week.

Endeavour rallied for a 5th consecutive league connected Friday, surging 15.20 percent to extremity astatine $9.93 apiece, mimicking the surge successful metallic prices amid renewed expectations of an involvement complaint cut.

The banal rallied alongside its counterparts aft spot prices of metallic surged by 5.81 percent connected Friday astatine $56.5003, arsenic traders positioned their portfolios up of an expected involvement complaint chopped connected December 10—the past Federal Open Market Committee gathering for the year.

Precious metals typically payment from a little involvement rate, arsenic it weakens the US dollar, making golden and metallic overmuch cheaper and much charismatic to overseas investors.

Photo by Scottsdale Mint connected Unsplash

In different caller news, Endeavour Silver Corp. (NYSE:EXK) announced plans to merchantability its Bolañitos metallic and golden excavation task for $50 cardinal to Guanajuato Silver Company Ltd.

Under 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-class 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.