5 Cash-Rich Penny Stocks Hedge Funds Are Buying

4. Silvercorp Metals Inc (NYSE:SVM)

Number of Hedge Fund Investors: 10

Free Cash Flow (TTM): $ 33M

Canadian-based Silvercorp Metals Inc (NYSE:SVM) last month announced an off-market takeover offer to acquire all OreCorp Shares it does not already own for A$0.19 cash plus 0.0967 Silvercorp shares per OreCorp Share.

Silvercorp Metals Inc (NYSE:SVM) said the offer is subject to 50.1% minimum acceptance condition.

As of the end of the third quarter of 2023, 10 hedge funds tracked by Insider Monkey had stakes in Silvercorp Metals Inc (NYSE:SVM).