Could Silvercorp Metals Inc Gain Strenght? The Stock Reaches 52-Week Low

 Could Silvercorp Metals Inc Gain Strenght? The Stock Reaches 52 Week Low

The stock of Silvercorp Metals Inc (TSE:SVM) is a huge mover today! About 1.07M shares traded hands or 59.65% up from the average. Silvercorp Metals Inc (TSE:SVM) has risen 109.73% since March 31, 2016 and is uptrending. It has outperformed by 108.64% the S&P500.
The move comes after 5 months negative chart setup for the $658.74M company. It was reported on Nov, 4 by Barchart.com. We have $3.53 PT which if reached, will make TSE:SVM worth $46.11M less.

More notable recent Silvercorp Metals Inc (TSE:SVM) news were published by: Prnewswire.com which released: “Silvercorp Metals Inc. – Correction on May 26, 2016 Press Release” on June 27, 2016, also Twst.com with their article: “Silvercorp Metals Inc.: Silvercorp Reports 2016 AGM Results Announces …” published on October 03, 2016, Theglobeandmail.com published: “Canadian sues Silvercorp over ‘false imprisonment’ in China” on August 20, 2014. More interesting news about Silvercorp Metals Inc (TSE:SVM) were released by: Seekingalpha.com and their article: “If You Are Not Afraid China – Consider Silvercorp” published on February 09, 2016 as well as Juniorminingnetwork.com‘s news article titled: “Silvercorp Metals Reports Fiscal Q2 2017 Results” with publication date: November 03, 2016.

Silvercorp Metals Inc. is a silver-producing Canadian mining company. The company has a market cap of $658.74 million. The Firm is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. It has a 55.39 P/E ratio. The Company’s divisions include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.

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