Silvercorp Metals (TSE:SVM) Hits New 1-Year High – What’s Next?

Silvercorp Metals Inc. (TSE:SVM)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as C$7.56 and last traded at C$7.33, with a volume of 749307 shares trading hands. The stock had previously closed at C$7.14.

Silvercorp Metals Trading Up 2.2%

The company has a current ratio of 3.04, a quick ratio of 4.43 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of C$6.48 and a 200 day moving average of C$5.81. The company has a market cap of C$1.60 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 0.03 and a beta of 1.33.

Insider Buying and Selling at Silvercorp Metals

In other news, Director Rui Feng sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of C$6.50, for a total value of C$195,120.00. Insiders sold a total of 33,000 shares of company stock valued at $212,660 in the last 90 days. 3.67% of the stock is owned by company insiders.

About Silvercorp Metals

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc.