Silvercorp Metals (TSE:SVM) Hits New 1-Year High - Here's What Happened

Key Points

• Silvercorp Metals Inc. reached a new 52-week high, trading at C$8.27, up from a previous close of C$7.44.
• Insider transactions included significant sales, with Derek Zhihua Liu selling 40,000 shares and Rui Feng selling 30,000 shares, collectively representing a decline in their positions.
• The company has a market capitalization of C$1.85 billion and a PE ratio of 34.96, reflecting its current valuation and financial health.

Silvercorp Metals Inc. (TSE:SVM - )'s stock price hit a new 52-week high on Monday . The company traded as high as C$8.27 and last traded at C$8.23, with a volume of 1007169 shares traded. The stock had previously closed at C$7.44.

Silvercorp Metals Price Performance

The company's 50-day simple moving average is C$6.55 and its 200-day simple moving average is C$5.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.43 and a current ratio of 3.04. The company has a market capitalization of C$1.85 billion, a PE ratio of 34.96, a P/E/G ratio of 0.03 and a beta of 1.33.

Insider Buying and Selling

In other Silvercorp Metals news, insider Derek Zhihua Liu sold 40,000 shares of Silvercorp Metals stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of C$6.69, for a total value of C$267,664.00. Following the transaction, the insider directly owned 132,010 shares in the company, valued at approximately C$883,358.12. This trade represents a 23.25% decrease in their position. Also, Director Rui Feng sold 30,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of C$6.50, for a total value of C$195,120.00. Insiders have sold a total of 73,000 shares of company stock valued at $480,324 over the last ninety days. 3.67% of the stock is owned by insiders.

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.

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