Silvercorp Metals (TSE:SVM) Hits New 12-Month High at $6.12

Silvercorp Metals Inc (TSE:SVM)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$6.12 and last traded at C$6.07, with a volume of 753363 shares traded. The stock had previously closed at C$6.02.

A number of equities analysts recently weighed in on the stock. Eight Capital upped their target price on shares of Silvercorp Metals from C$4.00 to C$5.00 in a research report on Thursday, August 8th. BMO Capital Markets lowered shares of Silvercorp Metals from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$5.50 to C$5.75 in a research report on Wednesday, September 11th.

The company has a debt-to-equity ratio of 0.63, a current ratio of 4.15 and a quick ratio of 3.70. The stock’s 50-day moving average is C$5.33 and its two-hundred day moving average is C$3.80. The stock has a market cap of $1.01 billion and a P/E ratio of 25.25.

In other Silvercorp Metals news, Director New Pacific Holdings Corp. sold 50,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$5.85, for a total transaction of C$292,545.00. Following the completion of the transaction, the director now owns 258,000 shares in the company, valued at C$1,509,532.20. Also, Senior Officer Derek Zhihua Liu sold 10,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$4.85, for a total transaction of C$48,543.00. Following the transaction, the insider now owns 90,000 shares of the company’s stock, valued at approximately C$436,887. In the last 90 days, insiders have sold 356,400 shares of company stock valued at $1,912,376.

Silvercorp Metals Company Profile (TSE:SVM)

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.

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