Silvercorp Metals Inc. (TSE:SVM) Senior Officer Sells C$47,250.00 in Stock

Silvercorp Metals Inc. (TSE:SVM – Get Rating) Senior Officer Derek Zhihua Liu sold 10,000 shares of the stock in a transaction that occurred on 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 in the company, valued at C$397,684.35.

Shares of SVM stock traded up C$0.02 during trading hours on Monday, hitting C$4.69. The stock had a trading volume of 258,441 shares, compared to its average volume of 496,014. The firm has a market capitalization of C$830.63 million and a PE ratio of 19.96. Silvercorp Metals Inc. has a twelve month low of C$3.95 and a twelve month high of C$8.07. The stock’s 50 day moving average is C$4.70 and its 200 day moving average is C$4.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.62 and a quick ratio of 4.28.

Silvercorp Metals (TSE:SVM – Get Rating) last posted its quarterly earnings data on Tuesday, February 8th. The company reported C$0.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.09. The firm had revenue of C$74.48 million during the quarter, compared to analyst estimates of C$73.37 million. As a group, equities analysts predict that Silvercorp Metals Inc. will post 0.37 earnings per share for the current year.

Several brokerages have commented on SVM. Echelon Wealth Partners reiterated a “buy” rating and issued a C$8.10 price target on shares of Silvercorp Metals in a research note on Wednesday, December 22nd. Raymond James set a C$6.50 price objective on Silvercorp Metals and gave the company a “market perform” rating in a report on Monday, April 4th.

Silvercorp Metals Company Profile (Get Rating)

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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