Why Endeavour Silver Corp's Shares Popped 15% Today

Shares of Endeavour Silver Corp (NYSE: EXK) jumped as much as 15.2% in trading Thursday after the company reported third-quarter earnings. The bottom line didn't hit expectations, but revenue was better than hoped. At 1:50 p.m. EDT, shares were still up 11.9% on the day.

Revenue fell 5% to 39.8 million in the quarter, despite a 6% increase in silver ounces sold. Gold ounces sold fell 3%, realized silver price dropped 10%, and realized gold price was down 3%. That drove an 82% decline in net income to $1 million.

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Source: Fool.com