Silvercorp Metals (NYSEAMERICAN:SVM) Sees Strong Trading Volume - Still a Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shares saw strong trading volume on Thursday . 8,461,767 shares traded hands during mid-day 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 Up 2.3 %

The company has a current ratio of 4.61, a quick ratio of 4.35 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $3.32. The company has a market capitalization of $908.98 million, a P/E ratio of 11.60 and a beta of 1.20.

Hedge Funds Weigh In On Silvercorp Metals

A number of hedge funds have recently modified their holdings of SVM. Pictet Asset Management Holding SA grew its position in Silvercorp Metals by 9.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 36,327 shares of the company's stock valued at $109,000 after buying an additional 3,266 shares during the last quarter. Geode Capital Management LLC grew its position in Silvercorp Metals by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 104,899 shares of the company's stock valued at $315,000 after buying an additional 4,104 shares during the last quarter. Aigen Investment Management LP grew its position in Silvercorp Metals by 21.4% in the 4th quarter. Aigen Investment Management LP now owns 31,635 shares of the company's stock valued at $95,000 after buying an additional 5,579 shares during the last quarter. Legal & General Group Plc grew its position in Silvercorp Metals by 3.0% in the 4th quarter. Legal & General Group Plc now owns 195,613 shares of the company's stock valued at $588,000 after buying an additional 5,765 shares during the last quarter. Finally, Virtu Financial LLC grew its position in Silvercorp Metals by 21.1% in the 3rd quarter. Virtu Financial LLC now owns 54,233 shares of the company's stock valued at $237,000 after buying an additional 9,465 shares during the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

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About Silvercorp Metals

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.