Silvercorp Metals (TSE:SVM) Hits New 12-Month High - What's Next?

Key Points

• Silvercorp Metals Inc. reached a new 52-week high stock price of C$7.56 during trading, closing at C$7.33 with a trading volume of 749,307 shares.
• The company has a market cap of C$1.61 billion and indicators such as a PE ratio of 30.41 and a low debt-to-equity ratio of 0.18, suggesting a stable financial position.
• Recent insider trading activity includes Director Rui Feng selling 30,000 shares for C$195,120, contributing to a total of 33,000 shares sold by insiders over the last quarter.

Silvercorp Metals Inc. (TSE:SVM - )'s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$7.56 and last traded at C$7.33, with a volume of 749307 shares traded. The stock had previously closed at C$7.14.

Silvercorp Metals Trading Up 3.1%

The stock has a market cap of C$1.61 billion, a PE ratio of 30.41, a P/E/G ratio of 0.03 and a beta of 1.33. The firm has a 50-day simple moving average of C$6.46 and a 200-day simple moving average of C$5.79. The company has a quick ratio of 4.43, a current ratio of 3.04 and a debt-to-equity ratio of 0.18.

Insider Buying and Selling at Silvercorp Metals

In other news, Director Rui Feng sold 30,000 shares of the company's stock in a transaction 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. Insiders have sold a total of 33,000 shares of company stock valued at $212,660 over the last quarter. 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.

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