Silvercorp Metals Inc. (SVM:CA) Declines 9.19%

Silvercorp Metals Inc. (SVM:CA) Declines 9.19%

It was a tough day for Silvercorp Metals Inc. (SVM:CA) as its stock fell 9.19% to finish the day at $5.14 a share on September 30. That reduces the company’s market cap to 862.9 million on 170.01 million outstanding shares. Silvercorp Metals Inc. is a component of the the S&P/TSX SmallCap Index.

1.01 million shares exchanged hands over the course of the day as compared with an average daily volume of n/a over the last 30 days.

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. Its segments are Mining and Administrative. Its projects include Ying Mine, HPG Mine, TLP Mine, LM Mine in the Ying Mining District, BYP Gold- Lead-Zinc Mine and the Gaocheng project.. Silvercorp Metals Inc. makes its home in Vancouver, BC, and currently has CEO Rui Feng at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $6.15 and a low of $2.43, and it’s currently sporting a 50-day SMA of $n/a and a 200-day SMA of $n/a. The current P/E ratio stands at n/a, with a P/B ratio of 1.83.

Silvercorp Metals Inc. ($SVM:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.

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