Southern Silver Exploration (CVE:SSV) Stock Price Up 13.1% – Here’s What Happened

by · The Cerbat Gem

Shares of Southern Silver Exploration Corp. (CVE:SSV – Get Free Report) were up 13.1% on Thursday . The company traded as high as C$0.70 and last traded at C$0.69. Approximately 2,976,334 shares were traded during trading, an increase of 213% from the average daily volume of 949,601 shares. The stock had previously closed at C$0.61.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.87 price target on Southern Silver Exploration and gave the company a “buy” rating in a research note on Tuesday, November 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$0.87.

View Our Latest Stock Analysis on Southern Silver Exploration

Southern Silver Exploration Price Performance

The stock has a market capitalization of C$247.44 million, a price-to-earnings ratio of -32.00 and a beta of 2.05. The company’s 50-day simple moving average is C$0.41 and its 200-day simple moving average is C$0.31.

About Southern Silver Exploration

(Get Free Report)

Southern Silver Exploration Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious/base metal properties in North America. The company explores for gold, silver, copper, lead, and zinc ores. Its flagship property is the Cerro Las Minitas project that comprises twenty-five mineral concessions covering an area of approximately 27,422 hectares located in Durango State, Mexico.

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