Silvercorp Metals (TSE:SVM) Trading Down 1.4% - Here's What Happened

Key Points

• Silvercorp Metals shares fell by 1.4% during mid-day trading, reaching a low of C$5.91 before recovering slightly to C$6.12, with trading volume increasing significantly to over 2 million shares.
• The company recently declared a dividend of $0.0125 per share, representing a yield of 23.0%, and has a low payout ratio of 7.71%.
• Insiders have sold a total of 41,100 shares in the past quarter, valued at approximately C$256,932, indicating ongoing insider trading activity within the company.

Silvercorp Metals Inc. (TSE:SVM - Get Free Report) shares were down 1.4% during mid-day trading on Monday . The company traded as low as C$5.91 and last traded at C$6.12. Approximately 2,167,008 shares changed hands during mid-day trading, an increase of 262% from the average daily volume of 598,261 shares. The stock had previously closed at C$6.21.

Silvercorp Metals Trading Up 0.6%

The business has a fifty day simple moving average of C$6.17 and a 200-day simple moving average of C$5.55. 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 firm has a market cap of C$968.53 million, a price-to-earnings ratio of 16.27, a PEG ratio of 0.03 and a beta of 1.15.

Silvercorp Metals Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 26th were given a $0.0125 dividend. This represents a dividend yield of 23.0%. The ex-dividend date was Friday, June 6th. Silvercorp Metals's payout ratio is 7.71%.

Insider Transactions at Silvercorp Metals

In other Silvercorp Metals news, Director Rui Feng sold 30,000 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of C$6.50, for a total value of C$195,120.00. Also, Director Yikang Liu sold 8,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$5.46, for a total value of C$43,680.00. Insiders sold a total of 41,100 shares of company stock worth $256,932 in 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.