Tidal Investments LLC Has $22.67 Million Stock Position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Tidal Investments LLC lifted its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,556,081 shares of the company's stock after acquiring an additional 1,143,210 shares during the quarter. Tidal Investments LLC owned approximately 3.47% of Silvercorp Metals worth $22,668,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new position in Silvercorp Metals during the third quarter valued at approximately $860,000. JPMorgan Chase & Co. boosted its stake in shares of Silvercorp Metals by 75.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 618,015 shares of the company's stock valued at $2,701,000 after buying an additional 265,387 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Silvercorp Metals during the 4th quarter valued at $103,000. Atria Wealth Solutions Inc. acquired a new position in shares of Silvercorp Metals in the fourth quarter worth $62,000. Finally, Prudential Financial Inc. acquired a new position in shares of Silvercorp Metals in the fourth quarter worth $46,000. Institutional investors and hedge funds own 22.30% of the company's stock.

Silvercorp Metals Stock Down 4.0%

Shares of NYSEAMERICAN SVM traded down $0.16 during trading hours on Friday, hitting $3.72. The stock had a trading volume of 4,098,921 shares, compared to its average volume of 3,863,379. The firm's 50-day moving average price is $3.75 and its two-hundred day moving average price is $3.70. Silvercorp Metals Inc. has a 52 week low of $2.87 and a 52 week high of $5.32. The company has a market capitalization of $808.83 million, a P/E ratio of 10.32 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.