Silvercorp Metals (TSE:SVM) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Silvercorp Metals Inc. (TSE:SVM) passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised their target price on Silvercorp Metals from C$7.00 to C$7.50 in a report on Tuesday, October 29th.

Silvercorp Metals Stock Down 0.9 %

The company has a market capitalization of C$936.45 million, a price-to-earnings ratio of 11.68, a P/E/G ratio of 0.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43. The firm’s fifty day moving average price is C$5.31 and its 200-day moving average price is C$5.23.

Silvercorp Metals Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, December 13th. Investors 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 is presently 8.11%.

Insider Transactions at Silvercorp Metals

In other Silvercorp Metals news, Director Yikang Liu sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of C$7.00, for a total transaction of C$26,600.00. Insiders sold 7,060 shares of company stock worth $48,150 over the last ninety days. 3.67% of the stock is owned by insiders.

Silvercorp Metals Company Profile

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.