Southern Silver Exploration (CVE:SSV) Sets New 12-Month High – What’s Next?

Southern Silver Exploration Corp. (CVE:SSV) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.61 and last traded at C$0.60, with a volume of 2374044 shares changing hands. The stock had previously closed at C$0.54.

Analysts Set New Price Targets

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

Southern Silver Exploration Stock Performance

The firm’s 50-day moving average price is C$0.39 and its two-hundred day moving average price is C$0.30. The stock has a market cap of C$224.24 million, a price-to-earnings ratio of -29.00 and a beta of 2.05.

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.