Shares of Silvercorp Metals Inc. (TSE:SVM - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$5.40 and traded as low as C$4.26. Silvercorp Metals shares last traded at C$4.36, with a volume of 275,446 shares traded.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets increased their price target on Silvercorp Metals from C$7.00 to C$7.50 in a research note on Tuesday, October 29th.
View Our Latest Report on Silvercorp Metals
Silvercorp Metals Price Performance
The company has a quick ratio of 4.43, a current ratio of 4.03 and a debt-to-equity ratio of 0.21. The company has a market capitalization of C$936.45 million, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.03 and a beta of 1.15. The company has a 50 day simple moving average of C$5.36 and a 200 day simple moving average of C$5.23.
Silvercorp Metals Announces Dividend
The firm also recently declared a Semi-Annual dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a dividend of $0.017 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 0.27%. Silvercorp Metals's dividend payout ratio (DPR) is 8.11%.
Insider Transactions at Silvercorp Metals
In other news, Director Yikang Liu sold 3,800 shares of the company's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of C$7.00, for a total value of C$26,600.00. Insiders sold 7,060 shares of company stock valued at $48,150 over the last 90 days. Corporate insiders own 3.67% 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. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.
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