Silvercorp Metals (TSE:SVM) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Silvercorp Metals Inc. (TSE:SVM)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$5.40 and traded as low as C$4.26. Silvercorp Metals shares last traded at C$4.36, with a volume of 275,446 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted their price objective on shares of Silvercorp Metals from C$7.00 to C$7.50 in a research note on Tuesday, October 29th.

Silvercorp Metals Stock Up 0.9 %

The firm has a market capitalization of C$945.12 million, a P/E ratio of 11.78, a P/E/G ratio of 0.03 and a beta of 1.15. The company has a fifty day simple moving average of C$5.40 and a 200 day simple moving average of C$5.24. The company has a quick ratio of 4.43, a current ratio of 4.03 and a debt-to-equity ratio of 0.21.

Silvercorp Metals Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a dividend of $0.017 per share. This represents a yield of 0.27%. The ex-dividend date was Friday, November 29th. Silvercorp Metals’s dividend payout ratio (DPR) is 8.11%.

Insider Buying and Selling at Silvercorp Metals

In other Silvercorp Metals news, Director Yikang Liu sold 3,800 shares of Silvercorp Metals stock in a transaction on Friday, October 18th. The stock was sold at an average price of C$7.00, for a total value of C$26,600.00. In the last ninety days, insiders sold 7,060 shares of company stock worth $48,150. 3.67% of the stock is owned by corporate insiders.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties. The company primarily explores for silver, gold, lead, and zinc metals. It holds interest mines located in the Henan Province, Guangdong Province, and Hunan Province in China.