Insider Selling: Silvercorp Metals Inc (SVM) Director Sells 40,000 Shares of Stock

Silvercorp Metals Inc (TSE:SVM) Director Rui Feng sold 40,000 shares of the company’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of C$3.69, for a total value of C$147,600.00.

Rui Feng also recently made the following trade(s):

  • On Monday, June 11th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The shares were sold at an average price of C$3.66, for a total value of C$109,800.00.
  • On Wednesday, May 30th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The shares were sold at an average price of C$3.70, for a total value of C$111,000.00.
  • On Monday, May 28th, Rui Feng sold 40,000 shares of Silvercorp Metals stock. The shares were sold at an average price of C$3.60, for a total value of C$144,000.00.

Shares of SVM traded down C$0.05 during trading hours on Thursday, reaching C$3.68. 336,566 shares of the company traded hands, compared to its average volume of 343,913. Silvercorp Metals Inc has a fifty-two week low of C$2.72 and a fifty-two week high of C$4.34.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be paid a dividend of $0.016 per share. The ex-dividend date is Thursday, June 7th. This represents a dividend yield of 0.4%. This is a positive change from Silvercorp Metals’s previous Semi-Annual dividend of $0.01.

Separately, BMO Capital Markets set a C$4.75 price objective on Silvercorp Metals and gave the company an “outperform” rating in a research note on Thursday, May 31st.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. The company holds interests in various silver-lead-zinc mines in the Ying Mining District in Henan Province, China, as well as GC mine, which includes silver, lead, and zinc exploration permits in Guangdong Province.

Insider Buying and Selling by Quarter for Silvercorp Metals (TSE:SVM)

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