AbraSilver Resource (OTCMKTS:ABBRF) Stock Price Down 4.5% – Here’s Why

AbraSilver Resource Corp. (OTCMKTS:ABBRFGet Free Report) shares fell 4.5% on Wednesday . The stock traded as low as $11.71 and last traded at $11.80. 60,220 shares changed hands during trading, a decline of 75% from the average session volume of 236,721 shares. The stock had previously closed at $12.3565.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ABBRF. Scotiabank reiterated an “outperform” rating on shares of AbraSilver Resource in a research report on Thursday, May 7th. TD Securities assumed coverage on shares of AbraSilver Resource in a research note on Monday, February 9th. They set a “buy” rating on the stock. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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AbraSilver Resource Stock Performance

The company’s 50 day moving average is $10.99 and its 200-day moving average is $9.38.

About AbraSilver Resource

(Get Free Report)

AbraSilver Resource Corp. operates as an exploration company in Argentina, Chile, and Canada. It primarily explores for silver, gold, and copper. It holds interest in the Diablillos property located in the Salta province of northwestern Argentina; and the Aguas Perdidas project located in Chubut Province, Argentina. It also has an option agreement to acquire a 100% interest in the La Coipita project in San Juan province, Argentina. The company was formerly known as AbraPlata Resource Corp. and changed its name to AbraSilver Resource Corp.

Further Reading

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