Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) 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 trading hands.
Silvercorp Metals Stock Performance
The stock has a market cap of $841.49 million, a P/E ratio of 10.74 and a beta of 1.20. The business's fifty day moving average price is $3.53. The company has a quick ratio of 4.35, a current ratio of 4.61 and a debt-to-equity ratio of 0.13.
Hedge Funds Weigh In On Silvercorp Metals
A number of hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC grew its holdings in shares of Silvercorp Metals by 17.8% during the 4th quarter. Tidal Investments LLC now owns 7,556,081 shares of the company's stock worth $22,668,000 after purchasing an additional 1,143,210 shares during the period. Renaissance Technologies LLC grew its stake in Silvercorp Metals by 21.6% during the fourth quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company's stock worth $17,336,000 after buying an additional 1,025,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Silvercorp Metals by 5.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,921,616 shares of the company's stock worth $14,783,000 after buying an additional 261,669 shares during the period. Two Sigma Investments LP raised its stake in shares of Silvercorp Metals by 37.4% in the 4th quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company's stock valued at $7,333,000 after acquiring an additional 664,806 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Silvercorp Metals by 40.0% in the 4th quarter. Millennium Management LLC now owns 1,948,174 shares of the company's stock valued at $5,850,000 after acquiring an additional 556,594 shares during the period. Institutional investors and hedge funds own 22.30% of the company's stock.
Silvercorp Metals Company Profile
(
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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.
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