Southern Silver Exploration (CVE:SSV) Stock Price Up 13.1% – Here’s Why

Southern Silver Exploration Corp. (CVE:SSV)’s share price rose 13.1% on Thursday . The company traded as high as C$0.70 and last traded at C$0.69. Approximately 2,976,334 shares were traded during mid-day trading, an increase of 213% from the average daily volume of 949,601 shares. The stock had previously closed at C$0.61.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.87 target price on Southern Silver Exploration and gave the stock 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, Southern Silver Exploration presently has an average rating of “Buy” and a consensus price target of C$0.87.

Southern Silver Exploration Stock Performance

The stock has a market capitalization of C$259.04 million, a PE ratio of -33.50 and a beta of 2.05. The business’s 50-day moving average price is C$0.40 and its 200 day moving average price is C$0.31.

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.