Silvercorp Metals (TSE:SVM) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

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 traded.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets increased their target price on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Tuesday, October 29th.

Silvercorp Metals Price Performance

The stock has a market capitalization of C$936.45 million, a P/E ratio of 11.68, a PEG ratio of 0.03 and a beta of 1.15. The company’s 50 day simple moving average is C$5.31 and its two-hundred day simple moving average is C$5.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.03 and a quick ratio of 4.43.

Silvercorp Metals Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a $0.017 dividend. This represents a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 29th. Silvercorp Metals’s dividend payout ratio is currently 8.11%.

Insider Activity at Silvercorp Metals

In other news, Director Yikang Liu sold 3,800 shares of the company’s stock in a transaction on Friday, October 18th. The stock was 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 valued at $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.