Silvercorp Metals (NYSEAMERICAN:SVM) Sees Large Volume Increase – Should You Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) saw strong trading volume on Thursday . 8,461,767 shares traded hands during trading, an increase of 170% from the previous session’s volume of 3,135,914 shares.The stock last traded at $4.01 and had previously closed at $3.98.

Silvercorp Metals Stock Performance

The stock has a market capitalization of $888.30 million, a price-to-earnings ratio of 11.33 and a beta of 1.20. The firm has a 50-day simple moving average of $3.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.35.

Institutional Investors Weigh In On Silvercorp Metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aigen Investment Management LP acquired a new position in Silvercorp Metals in the third quarter valued at $113,000. Plato Investment Management Ltd acquired a new position in Silvercorp Metals in the third quarter valued at $104,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Silvercorp Metals by 2.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,366,682 shares of the company’s stock worth $23,369,000 after acquiring an additional 115,300 shares during the period. Quantbot Technologies LP acquired a new position in shares of Silvercorp Metals during the third quarter worth about $682,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Silvercorp Metals by 1,289.7% during the third quarter. BNP Paribas Financial Markets now owns 41,817 shares of the company’s stock worth $183,000 after acquiring an additional 38,808 shares during the period. 22.30% of the stock is owned by hedge funds and other institutional investors.

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.