Silvercorp Metals (TSE:SVM) Insider Sells C$267,664.00 in Stock

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 that occurred on Friday, August 29th. The shares were sold at an average price of C$6.69, for a total transaction of C$267,664.00. Following the sale, the insider owned 132,010 shares in the company, valued at C$883,358.12. This represents a 23.25% decrease in their position.

Silvercorp Metals Stock Up 3.8%

Shares of SVM traded up C$0.32 during mid-day trading on Tuesday, reaching C$8.78. 845,908 shares of the stock traded hands, compared to its average volume of 623,840. The firm has a market cap of C$1.92 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 0.03 and a beta of 1.33. The stock has a fifty day simple moving average of C$6.58 and a 200 day simple moving average of C$5.90. Silvercorp Metals Inc. has a 12-month low of C$4.14 and a 12-month high of C$8.93. The company has a quick ratio of 4.43, a current ratio of 3.04 and a debt-to-equity ratio of 0.18.

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.