Southern Silver Exploration (CVE:SSV) Hits New 1-Year High – Here’s Why

Shares of Southern Silver Exploration Corp. (CVE:SSV) reached a new 52-week high on Monday . The company traded as high as C$0.88 and last traded at C$0.86, with a volume of 2389398 shares trading hands. The stock had previously closed at C$0.83.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.87 price objective on Southern Silver Exploration and gave the stock 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, the company currently has a consensus rating of “Buy” and an average target price of C$0.87.

Southern Silver Exploration Stock Performance

The firm has a market cap of C$350.66 million, a P/E ratio of -29.00 and a beta of 2.21. The firm’s fifty day moving average is C$0.55 and its 200 day moving average is C$0.38.

About Southern Silver Exploration

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. The company was formerly known as Newcoast Silver Mines Ltd. and changed its name to Southern Silver Exploration Corp.