After Today’s Huge Decline, Is Silvercorp Metals Inc’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Silvercorp Metals Inc's Near Term Analysis Negative?

The stock of Silvercorp Metals Inc (TSE:SVM) is a huge mover today! About 188,600 shares traded hands. Silvercorp Metals Inc (TSE:SVM) has risen 24.81% since April 25, 2016 and is uptrending. It has outperformed by 19.55% the S&P500.
The move comes after 6 months negative chart setup for the $572.65M company. It was reported on Nov, 29 by Barchart.com. We have $3.00 PT which if reached, will make TSE:SVM worth $45.81M less.

Another recent and important Silvercorp Metals Inc (TSE:SVM) news was published by Business.Financialpost.com which published an article titled: “Short seller activities come to light in B.C. regulator’s probe of Silvercorp …” on April 17, 2015.

Silvercorp Metals Inc. is a silver-producing Canadian mining company. The company has a market cap of $572.65 million. The Firm is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. It has a 22.05 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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