Silvercorp Metals Inc (TSE:SVM) Stock Rating Reaffirmed by Roth Capital

Silvercorp Metals Inc (TSE:SVM)‘s stock had its “buy” rating restated by research analysts at Roth Capital in a research note issued to investors on Monday, August 28th.

Shares of Silvercorp Metals (TSE SVM) traded down 5.18% during mid-day trading on Monday, reaching $3.66. The company’s stock had a trading volume of 1,578,581 shares. Silvercorp Metals has a 12 month low of $2.82 and a 12 month high of $5.90. The company has a 50-day moving average of $3.66 and a 200-day moving average of $4.12. The company has a market cap of $614.48 million and a P/E ratio of 13.07.

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In related news, Director Rui Feng sold 33,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of C$3.87, for a total value of C$127,710.00. Also, Director Yikang Liu sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of C$3.50, for a total transaction of C$52,500.00. Insiders have sold 127,880 shares of company stock valued at $483,014 over the last quarter.

About Silvercorp Metals

Silvercorp Metals Inc (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company’s segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.

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