Silvercorp Metals Inc (NYSEAMERICAN:SVM)’s stock price dropped 5.2% on Wednesday . The company traded as low as $3.60 and last traded at $3.62, approximately 1,674,997 shares traded hands during trading. An increase of 288% from the average daily volume of 432,023 shares. The stock had previously closed at $3.82.
SVM has been the subject of a number of research reports. TheStreet upgraded shares of Silvercorp Metals from a “c+” rating to a “b-” rating in a research report on Tuesday, July 16th. Zacks Investment Research upgraded shares of Silvercorp Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th.
Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $45.58 million during the quarter, compared to the consensus estimate of $45.50 million.
Silvercorp Metals Company Profile (NYSEAMERICAN:SVM)
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.
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