Silvercorp Metals (NYSEAMERICAN:SVM) Sees Large Volume Increase

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVMGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 585,686 shares traded hands during mid-day trading, a decline of 61% from the previous session’s volume of 1,513,148 shares.The stock last traded at $3.46 and had previously closed at $3.45.

Silvercorp Metals Stock Performance

The company has a market cap of $615.51 million, a P/E ratio of 14.17 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVMGet Free Report) last released its earnings results on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $58.51 million during the quarter, compared to analyst estimates of $55.10 million. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. As a group, analysts expect that Silvercorp Metals Inc. will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On Silvercorp Metals

Large investors have recently made changes to their positions in the business. Deutsche Bank AG bought a new stake in shares of Silvercorp Metals in the 4th quarter worth approximately $33,000. Atria Wealth Solutions Inc. bought a new stake in shares of Silvercorp Metals in the fourth quarter valued at $35,000. Alps Advisors Inc. lifted its position in shares of Silvercorp Metals by 41.9% during the 3rd quarter. Alps Advisors Inc. now owns 15,863 shares of the company’s stock valued at $37,000 after buying an additional 4,682 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Silvercorp Metals during the 2nd quarter valued at $37,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Silvercorp Metals during the 3rd quarter worth $39,000. 22.30% of the stock is owned by hedge funds and other institutional investors.

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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