Silvercorp Metals (NYSEAMERICAN:SVM) Sees Strong Trading Volume – Here’s Why

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVMGet Free Report) saw unusually-strong trading volume on Thursday . Approximately 8,461,767 shares changed hands during mid-day trading, an increase of 170% from the previous session’s volume of 3,135,914 shares.The stock last traded at $4.01 and had previously closed at $3.98.

Silvercorp Metals Stock Up 2.0 %

The stock has a market capitalization of $883.94 million, a PE ratio of 11.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.35. The company’s 50 day moving average price is $3.28.

Institutional Trading of Silvercorp Metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Heartland Consultants Inc. bought a new position in Silvercorp Metals during the 4th quarter worth approximately $30,000. Zacks Investment Management bought a new stake in Silvercorp Metals during the third quarter valued at $46,000. Prudential Financial Inc. acquired a new stake in Silvercorp Metals during the 4th quarter worth about $46,000. Tradition Wealth Management LLC bought a new position in shares of Silvercorp Metals in the 4th quarter worth about $46,000. Finally, Oxford Asset Management LLP bought a new stake in shares of Silvercorp Metals during the 4th quarter valued at about $54,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

About Silvercorp Metals

(Get Free Report)

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.

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