Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report)'s stock price shot up 7% during trading on Wednesday . The stock traded as high as $3.41 and last traded at $3.45. 1,936,865 shares traded hands during trading, a decline of 56% from the average session volume of 4,364,406 shares. The stock had previously closed at $3.22.
Silvercorp Metals Stock Performance
The company has a market capitalization of $788.15 million, a P/E ratio of 12.07 and a beta of 1.20.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of Silvercorp Metals by 563.7% during the third quarter. Blue Trust Inc. now owns 6,624 shares of the company's stock worth $29,000 after purchasing an additional 5,626 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Silvercorp Metals in the third quarter valued at $32,000. International Assets Investment Management LLC purchased a new position in Silvercorp Metals in the third quarter valued at $46,000. Zacks Investment Management purchased a new position in Silvercorp Metals in the third quarter valued at $46,000. Finally, Prudential Financial Inc. purchased a new position in Silvercorp Metals in the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 22.30% of the company's stock.
About Silvercorp Metals
(
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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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