Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up - Should You Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.81, but opened at $3.99. Silvercorp Metals shares last traded at $4.01, with a volume of 1,054,755 shares changing hands.

Silvercorp Metals Trading Up 2.7 %

The company has a current ratio of 4.61, a quick ratio of 4.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $836.04 million, a price-to-earnings ratio of 10.67 and a beta of 1.20. The business has a 50 day simple moving average of $3.71 and a 200-day simple moving average of $3.70.

Institutional Investors Weigh In On Silvercorp Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new position in Silvercorp Metals in the first quarter valued at approximately $77,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Silvercorp Metals during the first quarter worth $72,000. Welch Group LLC purchased a new position in Silvercorp Metals in the 1st quarter valued at about $44,000. Mackenzie Financial Corp grew its stake in shares of Silvercorp Metals by 23.6% during the fourth quarter. Mackenzie Financial Corp now owns 94,306 shares of the company's stock valued at $283,000 after acquiring an additional 17,989 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in shares of Silvercorp Metals during the fourth quarter worth about $169,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

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.