New Pacific Holdings Corp. Sells 30,000 Shares of Silvercorp Metals Inc (TSE:SVM) Stock

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Silvercorp Metals Inc (TSE:SVM) Director New Pacific Holdings Corp. sold 30,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 688,000 shares in the company, valued at approximately C$3,345,262.40.

Shares of Silvercorp Metals stock traded up C$0.04 during trading on Monday, hitting C$4.81. 331,514 shares of the stock traded hands, compared to its average volume of 293,428. The firm has a market cap of $839.02 million and a P/E ratio of 20.04. The company has a current ratio of 4.15, a quick ratio of 3.70 and a debt-to-equity ratio of 0.63. Silvercorp Metals Inc has a 52-week low of C$2.43 and a 52-week high of C$5.15. The stock’s fifty day simple moving average is C$3.94 and its 200 day simple moving average is C$3.37.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings results on Thursday, May 23rd. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.04). The firm had revenue of C$46.20 million during the quarter, compared to analysts’ expectations of C$49.50 million. As a group, equities analysts expect that Silvercorp Metals Inc will post 0.22 EPS for the current year.

Separately, Eight Capital raised their price target on Silvercorp Metals from C$4.00 to C$5.00 in a research note 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.

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