Why Endeavour Silver (EXK) Stock Is Trading Lower

Endeavour Silver Corp EXK shares are trading lower by 10.3% to $3.83 during Tuesday’s session. The company announced a $145 million acquisition of Minera Kolpa and Huachocolpa Uno Mine.

What To Know: Endeavour Silver has entered a definitive agreement to acquire Compañia Minera Kolpa S.A. (Minera Kolpa) and its Huachocolpa Uno Mine for $145 million. The transaction will consist of $80 million in cash and $65 million in Endeavour shares.

Additionally, Endeavour will pay up to $10 million in contingent payments based on certain milestones and assume $20 million in net debt from Minera Kolpa.

The cash consideration will be funded through a combination of proceeds from a new copper purchase agreement with Versamet Royalties Corporation, a bought deal financing and available cash.

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How To Buy EXK Stock

By now you're likely curious about how to participate in the market for Endeavour Silver – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Endeavour Silver, which is trading at $3.91 as of publishing time, $100 would buy you 25.58 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, EXK has a 52-week high of $5.67 and a 52-week low of $2.42.