Silvercorp Metals Inc. (TSE:SVM – Get Rating)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.89 and traded as low as C$3.36. Silvercorp Metals shares last traded at C$3.57, with a volume of 285,581 shares trading hands.
Several research analysts have issued reports on SVM shares. Raymond James set a C$6.50 price target on Silvercorp Metals and gave the stock a “market perform” rating in a report on Monday, April 18th. Canaccord Genuity Group raised their target price on Silvercorp Metals from C$6.00 to C$6.25 in a research report on Friday, April 22nd. Finally, BMO Capital Markets cut their price target on Silvercorp Metals from C$6.50 to C$6.00 and set a “hold” rating for the company in a report on Monday, May 30th.
The firm has a market capitalization of C$632.76 million and a P/E ratio of 16.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.73 and a current ratio of 5.05. The firm has a 50-day moving average of C$3.89 and a 200-day moving average of C$4.40.
In other Silvercorp Metals news, Senior Officer Derek Zhihua Liu sold 10,000 shares of the stock in a transaction dated Friday, April 8th. The shares were sold at an average price of C$4.73, for a total transaction of C$47,250.00. Following the completion of the transaction, the insider now owns 84,166 shares of the company’s stock, valued at approximately C$397,684.35. Insiders sold a total of 23,500 shares of company stock valued at $113,135 in the last quarter.
About Silvercorp Metals (TSE:SVM)
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. Its flagship property is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China.
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