Southern Silver Exploration (CVE:SSV) Stock Price Up 11.1% – Should You Buy?

Shares of Southern Silver Exploration Corp. (CVE:SSV) rose 11.1% on Tuesday . The stock traded as high as C$0.50 and last traded at C$0.50. Approximately 613,071 shares were traded during trading, a decline of 50% from the average daily volume of 1,220,379 shares. The stock had previously closed at C$0.45.

Southern Silver Exploration Price Performance

The stock’s 50-day moving average price is C$0.50 and its 200-day moving average price is C$0.61. The company has a market cap of C$210.25 million, a P/E ratio of -17.00 and a beta of 2.51.

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