Silvercorp Metals (TSE:SVM) Upgraded at Cormark

Cormark upgraded shares of Silvercorp Metals (TSE:SVM) to a moderate buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Silvercorp Metals Stock Up 2.3%

SVM opened at C$8.44 on Thursday. The business’s 50-day simple moving average is C$6.73 and its 200-day simple moving average is C$5.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.43 and a current ratio of 3.04. Silvercorp Metals has a one year low of C$4.14 and a one year high of C$8.93. The stock has a market capitalization of C$1.85 billion, a P/E ratio of 34.88, a price-to-earnings-growth ratio of 0.03 and a beta of 1.33.

Insider Transactions at Silvercorp Metals

In related news, Director Rui Feng sold 30,000 shares of the business’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of C$6.50, for a total value of C$195,120.00. Also, insider Derek Zhihua Liu sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of C$6.69, for a total value of C$267,664.00. Following the sale, the insider directly owned 132,010 shares of the company’s stock, valued at approximately C$883,358.12. This represents a 23.25% decrease in their ownership of the stock. Insiders have sold 71,000 shares of company stock worth $469,104 in the last quarter. Insiders own 3.67% of the company’s stock.

About Silvercorp Metals

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.