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Silvercorp (SVM) Soars: Stock Adds 8.8% in Session

Zacks Equity Research

Silvercorp Metals Inc. SVM was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 24% in the past one-month time frame.

The company has seen no estimate revisions over the past few months, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Silvercorp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Silvercorp Metals Inc. Price

Silvercorp Metals Inc. Price

Silvercorp Metals Inc. price | Silvercorp Metals Inc. Quote

A better-ranked stock in the Basic Materials sector is Alumina Ltd AWCMY, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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