The General Counsel of Silvercorp Metals is Exercising Options

By Carrie Williams

Yesterday it was reported that the General Counsel of Silvercorp Metals (SVMResearch Report), Yong-Jae Kim, exercised options to sell 18,750 SVM shares for a total transaction value of $124.1K.

In addition to Yong-Jae Kim, one other SVM executive reported Sell trades in the last month.

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Currently, Silvercorp Metals has an average volume of 402.65K. SVM’s market cap is $812 million and the company has a P/E ratio of 23.00. The company has a one-year high of $5.93 and a one-year low of $1.50.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $5.23, reflecting a -12.4% downside.

The insider sentiment on Silvercorp Metals has been negative according to 70 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Silvercorp Metals, Inc. engages in the development and exploration of mineral properties. It operates through the Mining, and Administrative segments. The Mining segment comprises of the operation in Henan Luoning, Hunan, Guangdong, and other. The Administrative segment covers operation in Vancouver, and Beijing. The company was founded by Rui Feng on October 31, 1991 and is headquartered in Vancouver, Canada.