Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up – Time to Buy?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares gapped up before the market opened on Monday . The stock had previously closed at $3.52, but opened at $3.64. Silvercorp Metals shares last traded at $3.53, with a volume of 627,359 shares.

Silvercorp Metals Stock Up 1.3 %

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 company has a fifty day simple moving average of $3.77 and a two-hundred day simple moving average of $3.70. The firm has a market capitalization of $776.17 million, a PE ratio of 9.90 and a beta of 1.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SVM. First Heartland Consultants Inc. purchased a new position in Silvercorp Metals in the fourth quarter valued at about $30,000. Welch Group LLC purchased a new position in shares of Silvercorp Metals in the 1st quarter worth approximately $44,000. Tradition Wealth Management LLC bought a new position in shares of Silvercorp Metals during the 4th quarter worth approximately $46,000. Prudential Financial Inc. purchased a new stake in Silvercorp Metals during the fourth quarter valued at approximately $46,000. Finally, Oxford Asset Management LLP acquired a new stake in Silvercorp Metals in the fourth quarter valued at approximately $54,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

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.