Silvercorp Metals (TSE:SVM) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Silvercorp Metals Inc. (TSE:SVM)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 changing hands.

Silvercorp Metals Trading Down 4.7%

The business’s fifty day moving average is C$16.90 and its 200-day moving average is C$14.91. The stock has a market capitalization of C$2.96 billion, a PE ratio of -267.80, a P/E/G ratio of 0.03 and a beta of 2.57. The company has a quick ratio of 4.43, a current ratio of 3.58 and a debt-to-equity ratio of 12.58.

Silvercorp Metals (TSE:SVM) last released its earnings results on Wednesday, May 27th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$210.03 million during the quarter. Silvercorp Metals had a negative net margin of 2.25% and a negative return on equity of 1.27%. As a group, analysts anticipate that Silvercorp Metals Inc. will post 0.5394046 EPS for the current fiscal year.

About Silvercorp Metals

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