Shares of Silvercorp Metals Inc. (TSE:SVM - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$9.40 and last traded at C$9.06, with a volume of 1650397 shares trading hands. The stock had previously closed at C$8.78.
Analysts Set New Price Targets
Separately, Cormark upgraded shares of Silvercorp Metals to a "moderate buy" rating in a report on Thursday, September 25th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$7.50.
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Silvercorp Metals Stock Up 3.2%
The company has a current ratio of 3.04, a quick ratio of 4.43 and a debt-to-equity ratio of 0.18. The company has a market cap of C$1.98 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 0.03 and a beta of 1.33. The firm's fifty day simple moving average is C$6.82 and its 200 day simple moving average is C$6.02.
Insider Activity at Silvercorp Metals
In other Silvercorp Metals news, Director Rui Feng sold 30,000 shares of the business'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 transaction of C$195,120.00. Also, insider Derek Zhihua Liu sold 40,000 shares of the business'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 transaction, the insider owned 132,010 shares of the company's stock, valued at C$883,358.12. This trade represents a 23.25% decrease in their position. Insiders have sold a total of 71,000 shares of company stock valued at $469,104 in the last quarter. 3.67% of the stock is currently owned by company insiders.
Silvercorp Metals Company Profile
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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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