Silvercorp Metals Inc. (SVM:CA) Rises 12.14% for February 06

Equities Staff |

February 06 was a positive day for Silvercorp Metals Inc. (SVM:CA) as its stock finished the day having gained 12.14% to hit a price of $4.71 a share. The company reached a market cap of 788.02 million and has 167.31 million shares outstanding. Silvercorp Metals Inc. is a component of the the S&P/TSX SmallCap Index.

1.58 million shares changed hands over the course of the day as compared to an average volume of 667,466 over the last 30 days for Silvercorp Metals Inc..

Silvercorp Metals Inc is engaged in the acquisition, exploration, development, and mining of precious and base metal silver mineral properties. The Company's producing mines and other current exploration and development projects are in China.. The company makes its home in Vancouver, BC, and is currently under the leadership of CEO Rui Feng.

Silvercorp Metals Inc. has hit a high of $4.73 and reached a low of $0.75 over its last year of trading. The stock’s 50-day SMA is now $3.51 and 200-day SMA is $3.46. As for its price valuations, the P/E ratio is at 26.7 and P/B is now 2.44.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Silvercorp Metals Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: SVM:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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