Silvercorp Metals (TSE:SVM) Trading Down 6.3% - What's Next?

Silvercorp Metals Inc. (TSE:SVM - Get Free Report) dropped 6.3% on Wednesday . The stock traded as low as C$6.52 and last traded at C$6.53. Approximately 290,645 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 572,364 shares. The stock had previously closed at C$6.97.

Silvercorp Metals Stock Down 2.2%

The company has a market capitalization of C$948.64 million, a price-to-earnings ratio of 15.94, a PEG ratio of 0.03 and a beta of 1.15. 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 business's 50 day moving average is C$5.79 and its 200 day moving average is C$5.30.

Silvercorp Metals Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 26th were given a $0.0125 dividend. The ex-dividend date was Friday, June 6th. This represents a yield of 0.23%. Silvercorp Metals's dividend payout ratio is currently 7.71%.

Insider Activity at Silvercorp Metals

In other Silvercorp Metals news, Director Yikang Liu sold 8,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$5.46, for a total transaction of C$43,680.00. Also, Director Rui Feng sold 30,000 shares of Silvercorp Metals 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 value of C$195,120.00. In the last quarter, insiders sold 41,100 shares of company stock worth $256,932. 3.67% of the stock is owned by corporate insiders.

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.