Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $3.52, but opened at $3.64. Silvercorp Metals shares last traded at $3.53, with a volume of 627,359 shares.
Silvercorp Metals Trading Down 2.1 %
The firm has a fifty day moving average of $3.77 and a 200-day moving average of $3.70. The firm has a market cap of $796.86 million, a P/E ratio of 10.17 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.
Institutional Investors Weigh In On Silvercorp Metals
A number of hedge funds and other institutional investors have recently made changes to their positions in SVM. Franklin Resources Inc. bought a new position in shares of Silvercorp Metals during the 3rd quarter worth approximately $860,000. JPMorgan Chase & Co. boosted its stake in Silvercorp Metals by 75.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 618,015 shares of the company's stock worth $2,701,000 after acquiring an additional 265,387 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Silvercorp Metals during the fourth quarter worth $103,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Silvercorp Metals during the fourth quarter worth about $62,000. Finally, Prudential Financial Inc. acquired a new stake in Silvercorp Metals in the 4th quarter valued at $46,000. 22.30% of the stock is owned by hedge funds and other institutional investors.
Silvercorp Metals Company Profile
(
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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.
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