Southern Silver Exploration (CVE:SSV) Trading Up 25.5% – Here’s What Happened

Southern Silver Exploration Corp. (CVE:SSV) shot up 25.5% during mid-day trading on Monday . The stock traded as high as C$0.61 and last traded at C$0.59. 3,416,311 shares traded hands during trading, an increase of 283% from the average session volume of 892,519 shares. The stock had previously closed at C$0.47.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.87 price target on shares of Southern Silver Exploration and gave the stock a “buy” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Southern Silver Exploration presently has an average rating of “Buy” and a consensus target price of C$0.87.

Southern Silver Exploration Price Performance

The stock has a 50 day simple moving average of C$0.38 and a 200-day simple moving average of C$0.29. The firm has a market cap of C$208.78 million, a PE ratio of -27.00 and a beta of 2.13.

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.