10:41 AM EST - Silvercorp Metals Inc. : Announced a Normal Course Issuer Bid to acquire up to 8,409,712, common shares, representing approximately 5% the 168,194,254 common shares issued and outstanding as of November 16. The repurchase program will run from November 27, 2017 to November 26, 2018. The Company is taking this action because it believes that prevailing market conditions have resulted in Silvercorp's shares being undervalued relative to the immediate and long term value of Silvercorp's portfolio of producing properties in China and other strategic investments. Silvercorp Metals Inc.
shares T.SVM are trading up $0.04 at $3.23.
