Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up – Should You Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) gapped up prior to trading on Thursday . The stock had previously closed at $3.97, but opened at $4.06. Silvercorp Metals shares last traded at $4.06, with a volume of 432,707 shares.

Silvercorp Metals Trading Down 6.1 %

The firm has a market capitalization of $844.75 million, a PE ratio of 10.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61. The firm’s fifty day moving average price is $3.53.

Institutional Trading of Silvercorp Metals

Several institutional investors and hedge funds have recently made changes to their positions in SVM. First Heartland Consultants Inc. bought a new position in Silvercorp Metals in the fourth quarter valued at $30,000. Zacks Investment Management purchased a new position in shares of Silvercorp Metals in the 3rd quarter worth about $46,000. Prudential Financial Inc. bought a new position in shares of Silvercorp Metals during the 4th quarter valued at about $46,000. Tradition Wealth Management LLC purchased a new position in shares of Silvercorp Metals during the 4th quarter valued at about $46,000. Finally, Oxford Asset Management LLP bought a new stake in Silvercorp Metals in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Company Profile

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.