Insider Selling: Silvercorp Metals Inc (TSE:SVM) Director Sells C$145,869.00 in Stock

Silvercorp Metals Inc (TSE:SVM) Director New Pacific Holdings Corp. sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$4.86, for a total value of C$145,869.00. Following the sale, the director now directly owns 688,000 shares in the company, valued at C$3,345,262.40.

SVM stock opened at C$4.95 on Thursday. The company has a current ratio of 4.15, a quick ratio of 3.70 and a debt-to-equity ratio of 0.63. The firm has a market cap of $844.12 million and a P/E ratio of 20.63. Silvercorp Metals Inc has a 12-month low of C$2.43 and a 12-month high of C$5.15. The stock’s 50 day simple moving average is C$4.11 and its 200 day simple moving average is C$3.41.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings results on Thursday, May 23rd. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.07 by C($0.04). The company had revenue of C$46.20 million during the quarter, compared to analyst estimates of C$49.50 million. On average, research analysts forecast that Silvercorp Metals Inc will post 0.22 EPS for the current fiscal year.

Separately, Eight Capital upped their price target on Silvercorp Metals from C$4.00 to C$5.00 in a research report on Thursday, August 8th.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.

Further Reading: Retained Earnings

Insider Buying and Selling by Quarter for Silvercorp Metals (TSE:SVM)

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