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Monday, February 13, 2012

Silvercorp Metals (SVM) Remains Under Pressure

Whether justified or not, Silvercorp Metals (SVM) has been under pressure lately over ongoing rumors as to the health of the company, which are probably being circulated by those shorting the company, as they did last year.

More than that, it is the response of Silvercorp to those unwarranted rumors that may be of more concern to those following the company.

Lawsuits and internal investigations could be looked upon as distractions to the company, as some are saying a strong performance is the best medicine to counter the alleged fraudulent and false rumors.

In response to that, BMO Capital was the latest brokerage to downgraded Silvercorp, this time from an "Outperform" rating to a "Market Perform" rating.

Silvercorp was trading at $7.05, falling 0.11, or 1.54 percent, as of 10:50 AM EST.

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