Southern Silver Exploration (CVE:SSV) Stock Price Up 25.5% – Here’s Why

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. 2,851,368 shares traded hands during mid-day trading, an increase of 220% from the average session volume of 891,088 shares. The stock had previously closed at C$0.47.

Wall Street Analyst Weigh In

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

Southern Silver Exploration Stock Down 3.8%

The company has a market capitalization of C$197.18 million, a PE ratio of -25.50 and a beta of 2.13. The firm’s 50-day moving average is C$0.38 and its 200-day moving average is C$0.29.

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.