Silvercorp Metals (NYSEAMERICAN:SVM) Sees Strong Trading Volume – Should You Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares saw strong trading volume on Thursday . 8,461,767 shares changed 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 Price Performance

The company has a quick ratio of 4.35, a current ratio of 4.61 and a debt-to-equity ratio of 0.13. The firm has a market cap of $883.94 million, a P/E ratio of 11.28 and a beta of 1.20. The company’s 50-day moving average is $3.28.

Institutional Trading of Silvercorp Metals

Several large investors have recently made changes to their positions in SVM. Pictet Asset Management Holding SA grew its position in Silvercorp Metals by 9.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 36,327 shares of the company’s stock valued at $109,000 after acquiring an additional 3,266 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Silvercorp Metals by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 104,899 shares of the company’s stock valued at $315,000 after purchasing an additional 4,104 shares during the last quarter. Aigen Investment Management LP increased its position in Silvercorp Metals by 21.4% during the 4th quarter. Aigen Investment Management LP now owns 31,635 shares of the company’s stock worth $95,000 after purchasing an additional 5,579 shares in the last quarter. Legal & General Group Plc increased its position in Silvercorp Metals by 3.0% during the 4th quarter. Legal & General Group Plc now owns 195,613 shares of the company’s stock worth $588,000 after purchasing an additional 5,765 shares in the last quarter. Finally, Virtu Financial LLC lifted its stake 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 purchasing an additional 9,465 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Company Profile

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.