Silvercorp Metals Inc (NYSEAMERICAN:SVM) Stock Gains Following Q4 Earnings

Anyone who may be looking into the metals sector today may consider tracking the Silvercorp Metals Inc (NYSEAMERICAN:SVM) stock today after it jumped by as much as 3% yesterday.

Trading Data

On Thursday, SVM stock moved up 3.27% to $2.84 with more than 761K shares, compared to its average volume of 1.43 million shares. The stock moved within a range of $2.7300 – 2.8400 after opening trade at $2.76.

Earnings Recap

The company was in fact in the news yesterday after it announced its financial results for the three months as well as the twelve months, both of which ended on March 31, 2022. In the 2022 fiscal year, Silvercorp managed to clock revenues to the tune of as much as $217.9 million and that reflected a rise of 12% from the revenues of $192.1 million in the previous year.

The net income that was attributable to shareholders came in at $30.6 million for the year and that worked out to $0.17 per share. However, it was lower than the $46.4 million under the same overhead in the previous year.

The earnings per share had been $0.27. The cash flow that was generated from operations by Silvercorp came in at $107.4 million and that reflected a year-on-year rise of a healthy 25%. The all-in sustaining costs for each ounce of silver was pegged at $8.77 for the fiscal year and that represented a rise from $7.49 in the previous year.

Technical Data

SVM stock is below the 20-Day and 50-Day Moving averages of $2.86 and $3.32 respectively. Moreover, the stock is trading below the 200-Day moving average of $3.77.