Southern Silver Exploration (CVE:SSV) Trading Up 5.1% – Should You Buy?

Southern Silver Exploration Corp. (CVE:SSV)’s stock price shot up 5.1% on Thursday . The company traded as high as C$0.83 and last traded at C$0.83. 728,992 shares changed hands during trading, a decline of 63% from the average session volume of 1,948,570 shares. The stock had previously closed at C$0.79.

Analysts Set New Price Targets

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

Southern Silver Exploration Trading Up 5.1%

The business’s 50 day simple moving average is C$0.77 and its two-hundred day simple moving average is C$0.51. The firm has a market capitalization of C$334.53 million, a PE ratio of -27.67 and a beta of 2.49.

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.