Silvercorp Metals Inc (TSE:SVM)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.94 and traded as low as $3.12. Silvercorp Metals shares last traded at $3.14, with a volume of 49,288 shares changing hands.
Separately, Eight Capital set a C$4.00 price target on Silvercorp Metals and gave the company a “buy” rating in a report on Thursday, May 23rd.
The company has a debt-to-equity ratio of 1.08, a current ratio of 3.56 and a quick ratio of 3.17. The firm has a market cap of $491.30 million and a P/E ratio of 13.83.
In other news, Director Rui Feng sold 24,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$3.60, for a total value of C$86,481.60. Following the completion of the transaction, the director now directly owns 5,078,000 shares of the company’s stock, valued at approximately C$18,298,065.20.
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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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