Silvercorp Metals (TSE:SVM) Shares Down 7.4% - Here's What Happened

Key Points

• Silvercorp Metals Inc. shares fell by 7.4%, trading as low as C$5.97, with a closing price of C$6.13 on the day of the decline.
• The company announced a dividend of $0.0125 per share, paid on June 26th, yielding 23.0% with a payout ratio of 7.71%.
• Insider transactions included sales by Directors Yikang Liu and Rui Feng, with a total of 41,100 shares sold valued at approximately $256,932 in the last quarter.

Shares of Silvercorp Metals Inc. (TSE:SVM - Get Free Report) were down 7.4% during mid-day trading on Friday . The company traded as low as C$5.97 and last traded at C$6.13. Approximately 475,476 shares changed hands during trading, a decline of 18% from the average daily volume of 580,691 shares. The stock had previously closed at C$6.62.

Silvercorp Metals Price Performance

The company has a market cap of C$950.17 million, a P/E ratio of 15.96, a P/E/G 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 firm's fifty day moving average is C$6.13 and its two-hundred day moving average is C$5.51.

Silvercorp Metals Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 26th were issued a $0.0125 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a yield of 23.0%. Silvercorp Metals's dividend payout ratio is currently 7.71%.

Insider Buying and Selling at Silvercorp Metals

In related news, Director Yikang Liu sold 8,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$5.46, for a total value of C$43,680.00. Also, Director Rui Feng sold 30,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of C$6.50, for a total transaction of C$195,120.00. Insiders sold a total of 41,100 shares of company stock valued at $256,932 in the last ninety days. 3.67% of the stock is currently owned by 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.