Silvercorp Metals (TSE:SVM) Stock Crosses Above 50 Day Moving Average of $4.52

Silvercorp Metals Inc. (TSE:SVM - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.52 and traded as high as C$4.96. Silvercorp Metals shares last traded at C$4.91, with a volume of 373,020 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SVM. BMO Capital Markets boosted their price target on Silvercorp Metals from C$5.00 to C$6.00 in a research note on Thursday, April 25th. Raymond James upped their target price on shares of Silvercorp Metals from C$5.50 to C$7.00 in a research note on Tuesday, April 23rd. Finally, Canaccord Genuity Group dropped their price target on shares of Silvercorp Metals from C$7.50 to C$7.00 and set a "buy" rating for the company in a research report on Wednesday, April 24th.

Silvercorp Metals Price Performance

The company has a market cap of C$887.64 million, a price-to-earnings ratio of 21.91, a P/E/G ratio of 0.03 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.43 and a current ratio of 3.73. The company's 50 day moving average price is C$4.52 and its 200 day moving average price is C$3.75.

Insider Buying and Selling at Silvercorp Metals

In other news, Director Rui Feng sold 40,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$5.18, for a total transaction of C$207,200.00. In related news, Director Rui Feng sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$5.18, for a total value of C$207,200.00. Also, Director Yikang Liu sold 15,167 shares of the company's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$4.03, for a total value of C$61,053.24. Company insiders own 4.34% of the company's stock.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.