Silvercorp Metals Inc. (TSE:SVM) Director Yikang Liu Sells 10,000 Shares
Silvercorp Metals Inc. (EAST: SVM – Get a rating) Director Yikang Liu sold 10,000 shares of the company in a transaction dated Monday, April 18. The stock was sold at an average price of CA$5.00, for a total transaction of CA$50,000.00. As a result of the sale, the administrator now directly owns 83,834 shares of the company, valued at approximately C$419,170.
SVM traded at C$0.06 on Wednesday, rising to C$4.62. 64,781 shares of the company were traded, against an average volume of 477,829. The stock has a market capitalization of C$818.23 million and a PE ratio of 19.58. Silvercorp Metals Inc. has a 12-month low of C$3.95 and a 12-month high of C$8.07. The stock’s 50-day moving average price is C$4.78 and its 200-day moving average price is C$4.85. The company has a debt ratio of 0.23, a current ratio of 4.62 and a quick ratio of 4.28.
Silvercorp Metals (EAST: SVM – Get a rating) last released its quarterly results on Tuesday, February 8. The company reported earnings per share of C$0.09 for the quarter, meeting analyst consensus estimates of C$0.09. The company posted revenue of C$74.48 million for the quarter, compared to analyst estimates of C$73.37 million. As a group, research analysts predict Silvercorp Metals Inc. will post earnings per share of 0.37 for the current fiscal year.
A number of analysts have recently commented on the stock. Echelon Wealth Partners reissued a “buy” rating and set a target price of C$8.10 on Silvercorp Metals shares in a research note on Wednesday, December 22. Raymond James has set a price target of C$6.50 on shares of Silvercorp Metals and gave the stock a “market performance” rating in a research report on Monday.
Silvercorp Metals Company Profile (Get a rating)
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development and operation of mineral properties in China and Mexico. The company mainly explores silver, gold, lead and zinc. Its flagship property is the Ying silver-lead-zinc project located in the Ying mining district in Henan Province, China.
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