Silvercorp Metals (TSE:SVM) Trading Up 3.8% – Here’s Why

Silvercorp Metals Inc. (TSE:SVM)’s stock price rose 3.8% during trading on Wednesday . The company traded as high as C$4.69 and last traded at C$4.69. Approximately 478,642 shares were traded during trading, an increase of 6% from the average daily volume of 452,987 shares. The stock had previously closed at C$4.52.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their price objective on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Tuesday, October 29th.

Silvercorp Metals Price Performance

The firm has a market cap of C$945.12 million, a P/E ratio of 11.78, a P/E/G ratio of 0.03 and a beta of 1.15. The company has a quick ratio of 4.43, a current ratio of 4.03 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is C$5.75 and its two-hundred day moving average is C$5.30.

Silvercorp Metals Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a $0.017 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 0.27%. Silvercorp Metals’s payout ratio is currently 8.11%.

Insiders Place Their Bets

In other news, Director Yikang Liu sold 3,800 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of C$7.00, for a total transaction of C$26,600.00. Also, Senior Officer Derek Zhihua Liu sold 53,333 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$5.86, for a total transaction of C$312,531.38. In the last three months, insiders have sold 60,393 shares of company stock worth $360,682. Corporate insiders own 3.67% of the company’s stock.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.