Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up – Here’s What Happened

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.15, but opened at $4.26. Silvercorp Metals shares last traded at $4.26, with a volume of 448,272 shares trading hands.

Silvercorp Metals Stock Up 2.0 %

The company has a quick ratio of 4.35, a current ratio of 4.61 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $922.04 million, a P/E ratio of 11.74 and a beta of 1.20. The company’s 50-day moving average price is $3.34.

Hedge Funds Weigh In On Silvercorp Metals

Large investors have recently bought and sold shares of the stock. Tidal Investments LLC lifted its position in shares of Silvercorp Metals by 17.8% in the 4th quarter. Tidal Investments LLC now owns 7,556,081 shares of the company’s stock worth $22,668,000 after acquiring an additional 1,143,210 shares during the period. Renaissance Technologies LLC lifted its position in Silvercorp Metals by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company’s stock worth $17,336,000 after purchasing an additional 1,025,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Silvercorp Metals by 2.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,366,682 shares of the company’s stock worth $23,369,000 after buying an additional 115,300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Silvercorp Metals by 5.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,921,616 shares of the company’s stock valued at $14,783,000 after buying an additional 261,669 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Silvercorp Metals by 37.4% in the 4th quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company’s stock valued at $7,333,000 after buying an additional 664,806 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.