The stock of Silvercorp Metals Inc (TSE:SVM) is a huge mover today! About 501,207 shares traded hands. Silvercorp Metals Inc (TSE:SVM) has risen 107.53% since April 1, 2016 and is uptrending. It has outperformed by 105.57% the S&P500.
The move comes after 6 months positive chart setup for the $608.47M company. It was reported on Nov, 8 by Barchart.com. We have $5.90 PT which if reached, will make TSE:SVM worth $413.76M more.
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 Seekingalpha.com with their article: “If You Are Not Afraid China – Consider Silvercorp” published on February 09, 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: Business.Financialpost.com and their article: “Short seller activities come to light in B.C. regulator’s probe of Silvercorp …” published on April 17, 2015 as well as Seekingalpha.com‘s news article titled: “Silvercorp – Be Warned, Problems On The Horizon” with publication date: August 22, 2016.
Silvercorp Metals Inc. is a silver-producing Canadian mining company. The company has a market cap of $608.47 million. The Firm is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. It has a 51.17 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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