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Silvercorp (SVM) Soars 7.4%: Is Further Upside Left in the Stock?
SVMSilvercorp Metals(SVM) ZACKS·2024-10-21 11:25

Silvercorp (SVM) shares rallied 7.4% in the last trading session to close at 5.06.Thismovecanbeattributabletonotablevolumewithahighernumberofsharesbeingtradedthaninatypicalsession.Thiscomparestothestock′s17.55.06. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 17.5% gain over the past four weeks.Silvercorp recently reported production and sales figures for the second quarter of fiscal 2025 (ended Sept. 30, 2024).  Revenues were up 26% year over year to 68 million.The company produced 1.7 million ounces of silver in the quarter, an inc ...