Shares of Canadian and Chinese mining company Silvercorp Metals (NYSEMKT: SVM) are down 12.4% as of 11:30 a.m. EST today. While there is no specific company news moving the stock, silver prices are down significantly today and they're taking the share price of Silvercorp with them.
With silver in the name, you can bet that silver is one Silvercorp's primary revenue drivers. According to management's most recent presentation, silver production accounts for 64% of all revenue.
Image source: Getty Images.
For further details see:
Shares of Silvercorp Metals Slide With Silver Prices