NEW YORK ( TheStreet) -- Silvercorp Metals (NYSE: SVM) hit a new 52-week high Tuesday as it traded at $15.36 compared with its previous 52-Week high of $15.35. Silvercorp is changing hands at $15.34 with 1.5 million shares traded as of 11:57 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Silvercorp has a market cap of $2.6 billion and is part of the basic materials sector and metals & mining industry. Shares are up 16.4% year to date as of the close of trading on Monday.

Silvercorp Metals Inc. engages in the acquisition, exploration, development, and operation of silver mineral properties in China and Canada. The company has a P/E ratio of 36.9, above the average metals & mining industry P/E ratio of 36 and above the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates Silvercorp as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, compelling growth in net income and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Silvercorp Ratings Report.

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