Silvercorp (SVM) Surges 8.2%: Is This an Indication of Further Gains?

Silvercorp (SVM) shares ended the last trading session 8.2% higher at $12.24. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 26.8% gain over the past four weeks.Shares of Silvercorp gained since the company announced that it has inked a deal to acquire a 70% interest in Chaarat ZAAV CJSC. Upon completion of the deal, Silvercorp and ZAAV will form a joint venture.Shares also increased since Silvercorp reported reco ...