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

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $3.97, but opened at $4.06. Silvercorp Metals shares last traded at $4.06, with a volume of 432,707 shares trading hands.

Silvercorp Metals Stock Up 3.4 %

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 firm’s fifty day moving average is $3.49. The company has a market capitalization of $893.74 million, a price-to-earnings ratio of 11.38 and a beta of 1.20.

Institutional Trading of Silvercorp Metals

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