Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Up 7% – Still a Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares shot up 7% on Wednesday . The stock traded as high as $3.41 and last traded at $3.45. 1,936,865 shares were traded during trading, a decline of 56% from the average session volume of 4,364,406 shares. The stock had previously closed at $3.22.

Silvercorp Metals Price Performance

The firm has a market capitalization of $754.40 million, a PE ratio of 11.55 and a beta of 1.20.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in Silvercorp Metals by 563.7% during the 3rd quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock worth $29,000 after acquiring an additional 5,626 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Silvercorp Metals during the third quarter worth about $32,000. Zacks Investment Management acquired a new position in shares of Silvercorp Metals in the third quarter valued at approximately $46,000. International Assets Investment Management LLC purchased a new stake in Silvercorp Metals during the 3rd quarter worth approximately $46,000. Finally, Signaturefd LLC boosted its position in Silvercorp Metals by 54.7% in the 3rd quarter. Signaturefd LLC now owns 13,112 shares of the company’s stock valued at $57,000 after buying an additional 4,635 shares during the period. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

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.