Endeavour Silver (EXK) Stock Pops on Silver Rally

NEW YORK (TheStreet) -- Shares of Endeavour Silver (EXK) are gaining 5.16% to $4.28 on heavy trading volume Tuesday afternoon as silver prices jump.

For September delivery, silver is spiking 1.9% to $19.96 per ounce on the COMEX this afternoon.

Silver is trading near two-year highs today, maintaining its status as the standout among metals amid continued concerns about the U.K.'s decision to leave the European Union, MarketWatch reports.

Worries surrounding Brexit have supported safe-haven investing, including in silver and gold.

"All of us are slightly open mouthed at the strong rises in both gold and in particular silver, of late," Julian Phillips, founder of GoldForecaster.com, wrote in a recent note cited by MarketWatch. "The prime reasons for the rises are that both their technical pictures have moved out of the consolidation area into 'new territory' [and] silver's breakout is clearer than gold's at this moment."

The Vancouver-based mineral company is engaged in the evaluation, acquisition, exploration, development and exploitation of metal properties in Mexico and Chile.

About 3.64 million of the company's shares were traded so far today vs. its average volume of 2.2 million shares per day.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of E+ on the stock.

The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: EXK

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