Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up – Here’s What Happened

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) gapped up before the market opened on Tuesday . The stock had previously closed at $4.15, but opened at $4.26. Silvercorp Metals shares last traded at $4.26, with a volume of 448,272 shares traded.

Silvercorp Metals Stock Performance

The business’s 50 day moving average is $3.34. The company has a current ratio of 4.61, a quick ratio of 4.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $922.04 million, a PE ratio of 11.74 and a beta of 1.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pictet Asset Management Holding SA increased its stake in shares of Silvercorp Metals by 9.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 36,327 shares of the company’s stock worth $109,000 after purchasing an additional 3,266 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Silvercorp Metals by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 104,899 shares of the company’s stock valued at $315,000 after acquiring an additional 4,104 shares during the last quarter. Aigen Investment Management LP raised its stake in shares of Silvercorp Metals by 21.4% in the 4th quarter. Aigen Investment Management LP now owns 31,635 shares of the company’s stock valued at $95,000 after acquiring an additional 5,579 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Silvercorp Metals by 3.0% in the 4th quarter. Legal & General Group Plc now owns 195,613 shares of the company’s stock valued at $588,000 after acquiring an additional 5,765 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in Silvercorp Metals by 21.1% during the third quarter. Virtu Financial LLC now owns 54,233 shares of the company’s stock worth $237,000 after purchasing an additional 9,465 shares during the period. Hedge funds and other institutional investors 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.