Silvercorp Metals (TSE:SVM) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Silvercorp Metals Inc. (TSE:SVMGet Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$16.90 and traded as low as C$13.37. Silvercorp Metals shares last traded at C$13.39, with a volume of 753,140 shares trading hands.

Silvercorp Metals Stock Up 7.5%

The company has a debt-to-equity ratio of 12.58, a current ratio of 3.58 and a quick ratio of 4.43. The stock has a market cap of C$3.50 billion, a PE ratio of -316.20, a price-to-earnings-growth ratio of 0.03 and a beta of 2.57. The business has a fifty day moving average of C$16.90 and a 200-day moving average of C$14.96.

Silvercorp Metals (TSE:SVMGet Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported C$0.38 earnings per share (EPS) for the quarter. The firm had revenue of C$210.03 million during the quarter. Silvercorp Metals had a negative return on equity of 1.27% and a negative net margin of 2.25%. Equities research analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current year.

Silvercorp Metals Company Profile

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Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.

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