Robert William John Macdonald Purchases 350,000 Shares of Southern Silver Exploration (CVE:SSV) Stock

Southern Silver Exploration Corp. (CVE:SSV) insider Robert William John Macdonald acquired 350,000 shares of the stock in a transaction dated Friday, September 4th. The stock was acquired at an average price of C$0.62 per share, for a total transaction of C$217,000.00. Following the completion of the acquisition, the insider directly owned 629,000 shares of the company’s stock, valued at C$389,980. The trade was a 125.45% increase in their ownership of the stock.

Southern Silver Exploration Stock Performance

Shares of CVE:SSV remained flat at C$0.65 during trading on Wednesday. The company’s stock had a trading volume of 568,004 shares, compared to its average volume of 1,115,951. The stock has a market capitalization of C$270.67 million, a PE ratio of -21.67 and a beta of 2.48. Southern Silver Exploration Corp. has a 52-week low of C$0.24 and a 52-week high of C$1.13. The firm has a fifty day simple moving average of C$0.56 and a two-hundred day simple moving average of C$0.56.

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.