Silvercorp Metals (NYSEAMERICAN:SVM) Sees Unusually-High Trading Volume

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shares saw strong trading volume on Monday . 1,839,619 shares were traded during mid-day trading, an increase of 11% from the previous session's volume of 1,663,056 shares.The stock last traded at $3.82 and had previously closed at $3.78.

Silvercorp Metals Price Performance

The firm has a market cap of $678.48 million, a PE ratio of 22.50 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The company had revenue of $58.51 million during the quarter, compared to the consensus estimate of $55.10 million. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. On average, research analysts anticipate that Silvercorp Metals Inc. will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Deutsche Bank AG purchased a new stake in shares of Silvercorp Metals during the fourth quarter worth approximately $33,000. Atria Wealth Solutions Inc. acquired a new position in shares of Silvercorp Metals in the 4th quarter valued at $35,000. Alps Advisors Inc. lifted its stake in Silvercorp Metals by 41.9% during the 3rd quarter. Alps Advisors Inc. now owns 15,863 shares of the company's stock worth $37,000 after acquiring an additional 4,682 shares in the last quarter. Walleye Capital LLC acquired a new position in Silvercorp Metals during the 2nd quarter worth about $37,000. Finally, Evergreen Capital Management LLC acquired a new position in Silvercorp Metals during the 3rd quarter worth about $39,000. 22.30% of the stock is owned by institutional investors and hedge funds.

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.