Sylvie Metal Mining (SVM.US) shares rose higher.
The Zhitong Finance App learned that the stock price of Sylvie Metal Mining (SVM.US) was higher and closed up 7.61% to $3.96 last Friday. The stock has risen more than 50% since this year. According to the news, spot silver reached the $32 per ounce mark, continuing to hit a new high in 11 years. On Monday, the main contract of the Bank of Shanghai hit a rise or fall, with an increase of 8% to 8,211 yuan/kg.
According to public information, Hilway mainly acquires, explores, develops and produces non-ferrous metals and precious metal mines such as silver, gold, lead and zinc, and has become one of the most important producers of silver, lead and zinc in China. Continued strength in the prices of precious metals such as gold and silver is expected to continue to push the price of Hilway's stock higher.
In addition, Sylvie's recent announcement of the merger and acquisition of Canada's Adventus Mining Corporation also attracted market attention. Analysts said bluntly that Hilway's stock price is undervalued, and now there is a good opportunity to buy it.
GoldStreetBets Research released a report saying that it is conservatively estimated that Sylway's net asset value (NAV) is over 600 million US dollars, which means that the current corporate value/net asset value of Sylvie is only 0.36 times, which is seriously underestimated.