NUPMF - Silvercorp Metals: FY 2020 Remained Flat With Last Year But FY 2021 Outlook Looks Promising
Thesis
Silvercorp Metals' (SVM) 12-month share price performance has seen one hell of a roller coaster ride. During this prevailing era of COVID-19, one thing is clearly visible in the price performance of a large number of mining companies; their prices nose-dived from mid-February and continued to fall till mid-March, but have been on a consistent recovery since then. The reason? The share prices broadly follow the trend observed in the prices of metals mined by those companies. Nevertheless, the share price charts also reveal some deviation from the actual performance of metal