Silvercorp Metals (TSE:SVM) Sets New 52-Week High - Here's Why

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 - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$8.27 and last traded at C$8.23, with a volume of 1007169 shares changing hands. The stock had previously closed at C$7.44.

Silvercorp Metals Stock Performance

The firm's 50-day simple moving average is C$6.58 and its 200-day simple moving average is C$5.90. The company has a market capitalization of C$1.91 billion, a PE ratio of 36.03, a PEG ratio of 0.03 and a beta of 1.33. The company has a current ratio of 3.04, a quick ratio of 4.43 and a debt-to-equity ratio of 0.18.

Insider Activity at Silvercorp Metals

In other news, Director Rui Feng sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of C$6.50, for a total value of C$195,120.00. Also, insider Derek Zhihua Liu sold 40,000 shares of the company's 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 transaction of C$267,664.00. Following the completion of the sale, the insider directly owned 132,010 shares of the company's stock, valued at C$883,358.12. The trade was a 23.25% decrease in their position. Insiders sold a total of 73,000 shares of company stock valued at $480,324 in the last ninety days. Corporate insiders own 3.67% of the company's stock.

Silvercorp Metals Company Profile

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.