Silvercorp Metals (TSE:SVM) Director Rui Feng Sells 30,000 Shares of Company Stock

Silvercorp Metals Inc. (TSE:SVM) Director Rui Feng sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of C$14.32, for a total transaction of C$429,600.00. Following the sale, the director directly owned 6,591,000 shares of the company’s stock, valued at C$94,383,120. This represents a 0.45% decrease in their position.

Rui Feng also recently made the following trade(s):

• On Friday, October 9th, Rui Feng sold 30,000 shares of Silvercorp Metals stock. The stock was sold at an average price of C$14.95, for a total transaction of C$448,500.00.

Silvercorp Metals Stock Down 4.4%

Shares of TSE SVM opened at C$14.27 on Wednesday. The company’s 50 day moving average price is C$16.39 and its 200-day moving average price is C$15.93. The company has a debt-to-equity ratio of 12.00, a quick ratio of 4.43 and a current ratio of 3.51. Silvercorp Metals Inc. has a 52-week low of C$8.38 and a 52-week high of C$21.61. The company has a market capitalization of C$3.16 billion, a P/E ratio of 129.73, a price-to-earnings-growth ratio of 0.03 and a beta of 2.77.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.30 earnings per share for the quarter. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. The company had revenue of C$197.01 million during the quarter. Equities analysts forecast that Silvercorp Metals Inc. will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of Silvercorp Metals to a “hold” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$17.50.

Silvercorp Metals Company Profile

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