Basic Material New Lows: Silvercorp Metals (NYSE:SVM), Sandridge Mississippian Trust I (NYSE:SDT), Valhi (NYSE:VHI), GeoMet (OTCMKTS:GMET)

Posted by on Mar 22, 2014

Silvercorp Metals Inc. (USA) (NYSE:SVM) is pleased to report the results of its 2013 underground diamond drilling program at the LM and LMW mines, Ying Mining District, Henan Province, China (the “2013 Drill Program”), that indicate a significant extension of the existing high grade mineralization zones, both down dip and along strike, as well as delineating new mineralization zones in known major vein structures. Silvercorp Metals Inc. (USA) (NYSE:SVM) shares after opening at $2.14 moved to $2.17 on last trade day and at the end of the day closed at $2.06. Company price to sales ratio in past twelve months was calculated as 2.81 and price to cash ratio as 3.59. Silvercorp Metals Inc. (USA) (NYSE:SVM) showed a negative weekly performance of -10.43%.

SandRidge Mississippian Trust I (NYSE:SDT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday,AnalystRatings.Net reports. Sandridge Mississippian Trust I (NYSE:SDT) shares advanced 1.35% in last trading session and ended the day on $7.52. SDT return on equity ratio is recorded as 50.00% and its return on assets is 50.00%. Sandridge Mississippian Trust I (NYSE:SDT) yearly performance is -29.98%.

Valhi, Inc. (NYSE:VHI) reported an income from continuing operations attributable to Valhi stockholders of $15.7 million, or $.05 per diluted share, in the fourth quarter of 2013 compared to a loss of $12.6 million, or $.04 per diluted share, in the fourth quarter of 2012. Valhi, Inc. (NYSE:VHI) shares moved down -8.22% in last trading session and was closed at $10.05 while trading in range of $10.02 – $11.06 – Valhi, Inc. (NYSE:VHI) year to date (YTD) performance is -42.57%.

GeoMet, Inc. (OTCMKTS:GMET) announced that its Board of Directors has declared a quarterly dividend to its preferred stockholders covering the period January 1, 2014 through March 31, 2014 to be paid through the issuance of .03125 preferred share (“PIK Preferred Shares”) per outstanding share of preferred stock. The dividend has been calculated at an annual rate of 12.5%. GeoMet Inc (OTCMKTS:GMET) weekly performance is -25.00%. On last trading day company shares ended up $0.0150. GeoMet Inc (OTCMKTS:GMET) distance from 50-day simple moving average (SMA50) is -82.23%. Analysts mean target price for the company is $1.94.

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