Silvercorp Metals (NYSEAMERICAN:SVM) Sees Large Volume Increase – Should You Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) saw strong trading volume on Thursday . 8,461,767 shares traded hands during 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 Stock Performance

The company has a market capitalization of $888.30 million, a PE ratio of 11.33 and a beta of 1.20. The stock’s 50 day moving average price is $3.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.35.

Institutional Trading of Silvercorp Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Heartland Consultants Inc. acquired a new stake in Silvercorp Metals in the 4th quarter valued at approximately $30,000. Zacks Investment Management purchased a new position in Silvercorp Metals in the 3rd quarter valued at approximately $46,000. Tradition Wealth Management LLC purchased a new position in Silvercorp Metals in the 4th quarter valued at approximately $46,000. Prudential Financial Inc. purchased a new position in Silvercorp Metals in the 4th quarter valued at approximately $46,000. Finally, Oxford Asset Management LLP purchased a new position in Silvercorp Metals in the 4th quarter valued at approximately $54,000. 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.