Southern Silver Exploration (CVE:SSV) Stock Price Up 9.8% – Here’s Why

Southern Silver Exploration Corp. (CVE:SSV) traded up 9.8% during trading on Thursday . The company traded as high as C$0.69 and last traded at C$0.67. 2,473,194 shares were traded during mid-day trading, an increase of 162% from the average session volume of 945,500 shares. The stock had previously closed at C$0.61.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.87 target price 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, Based on data from MarketBeat.com, Southern Silver Exploration currently has a consensus rating of “Buy” and a consensus target price of C$0.87.

Southern Silver Exploration Trading Up 9.8%

The firm’s 50 day simple moving average is C$0.40 and its 200-day simple moving average is C$0.31. The stock has a market capitalization of C$259.04 million, a price-to-earnings ratio of -33.50 and a beta of 2.05.

Southern Silver Exploration Company Profile

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.