Southern Silver Exploration (CVE:SSV) Shares Climb 13.2% – Should You Buy?

Southern Silver Exploration Corp. (CVE:SSV) shares shot up 13.2% on Wednesday. The stock traded as high as C$0.39 and last traded at C$0.39. 276,117 shares were traded during trading, a decline of 73% from the average session volume of 1,013,099 shares. The stock had previously closed at C$0.34.

Southern Silver Exploration Price Performance

The stock has a market capitalization of C$161.70 million, a price-to-earnings ratio of -12.83 and a beta of 2.76. The business’s fifty day moving average price is C$0.52 and its 200-day moving average price is C$0.58.

Insider Transactions at Southern Silver Exploration

In other Southern Silver Exploration news, insider Robert William John Macdonald purchased 350,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average price of C$0.62 per share, with a total value of C$217,000.00. Following the transaction, the insider owned 629,000 shares in the company, valued at C$389,980. The trade was a 125.45% increase in their ownership of the stock. Also, insider John Oness sold 100,000 shares of Southern Silver Exploration stock in a transaction dated Monday, September 28th. The shares were sold at an average price of C$0.60, for a total value of C$60,000.00. Following the transaction, the insider owned 190,500 shares of the company’s stock, valued at C$114,300. This trade represents a 34.42% decrease in their position. Insiders sold a total of 225,000 shares of company stock worth $135,000 in the last 90 days. 25.66% of the stock is currently owned by company insiders.

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.