Silvercorp Metals (TSE:SVM) Insider Sells 40,000 Shares

Key Points

• Insider Derek Zhihua Liu of Silvercorp Metals sold 40,000 shares at an average price of C$6.69, resulting in a total transaction value of C$267,664 and a 23.25% reduction in his ownership.
• Following the sale, Liu holds 132,010 shares of Silvercorp Metals, valued at approximately C$883,358.12.
• Silvercorp Metals shares rose by 4.5% to reach C$7.44 during trading, with a market capitalization of C$1.63 billion.

Silvercorp Metals Inc. (TSE:SVM - Get Free Report) insider Derek Zhihua Liu sold 40,000 shares of Silvercorp Metals stock in a transaction 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 transaction, 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 ownership of the stock.

Silvercorp Metals Trading Up 4.5%

TSE SVM traded up C$0.32 on Friday, hitting C$7.44. 1,496,235 shares of the stock were exchanged, compared to its average volume of 616,569. 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 stock has a fifty day moving average price of C$6.55 and a two-hundred day moving average price of C$5.88. The firm has a market capitalization of C$1.63 billion, a P/E ratio of 30.74, a P/E/G ratio of 0.03 and a beta of 1.33. Silvercorp Metals Inc. has a 52-week low of C$4.14 and a 52-week high of C$7.56.

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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