Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up – Should You Buy?

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) gapped up prior to trading on Wednesday . The stock had previously closed at $3.81, but opened at $3.99. Silvercorp Metals shares last traded at $4.01, with a volume of 1,054,755 shares.

Silvercorp Metals Stock Up 4.4 %

The company has a market cap of $866.31 million, a P/E ratio of 11.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61. The business’s fifty day moving average is $3.67 and its two-hundred day moving average is $3.69.

Institutional Trading of Silvercorp Metals

Hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC lifted its position in Silvercorp Metals by 17.8% during the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company’s stock valued at $22,668,000 after acquiring an additional 1,143,210 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Silvercorp Metals by 21.6% during the fourth quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company’s stock worth $17,336,000 after purchasing an additional 1,025,000 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Silvercorp Metals during the 4th quarter valued at $2,788,000. Bank of America Corp DE boosted its position in shares of Silvercorp Metals by 206.4% in the 4th quarter. Bank of America Corp DE now owns 1,258,083 shares of the company’s stock worth $3,774,000 after purchasing an additional 847,547 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Silvercorp Metals by 37.4% during the 4th quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company’s stock worth $7,333,000 after buying an additional 664,806 shares during the last quarter. Hedge funds and other institutional investors own 22.30% of the company’s stock.

About Silvercorp Metals

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.