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

Shares of Silvercorp Metals Inc. (TSE:SVMGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$16.90 and traded as low as C$13.37. Silvercorp Metals shares last traded at C$13.39, with a volume of 753,140 shares changing hands.

Silvercorp Metals Trading Down 4.7%

The stock has a market capitalization of C$2.96 billion, a price-to-earnings ratio of -267.80, a PEG ratio of 0.03 and a beta of 2.57. The company has a debt-to-equity ratio of 12.58, a current ratio of 3.58 and a quick ratio of 4.43. The business’s 50-day simple moving average is C$16.90 and its two-hundred day simple moving average is C$14.91.

Silvercorp Metals (TSE:SVMGet Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$210.03 million for the quarter. Silvercorp Metals had a negative net margin of 2.25% and a negative return on equity of 1.27%. On average, research analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current fiscal year.

About Silvercorp Metals

(Get Free Report)

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.

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