Silver Bull Resources (TSE:SVB) Trading Down 86.4% – Here’s Why

Shares of Silver Bull Resources, Inc. (TSE:SVBGet Free Report) dropped 86.4% during mid-day trading on Monday . The stock traded as low as C$0.08 and last traded at C$0.11. Approximately 2,753,992 shares changed hands during trading, an increase of 2,632% from the average daily volume of 100,787 shares. The stock had previously closed at C$0.81.

Silver Bull Resources Trading Down 84.0%

The stock has a market capitalization of C$6.41 million, a P/E ratio of -0.46 and a beta of 1.22. The firm’s fifty day moving average is C$0.46 and its 200-day moving average is C$0.37.

About Silver Bull Resources

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Silver Bull Resources Inc is an exploration stage company engaged in acquiring and developing mineral properties. The company holds interests in various property concessions in Mexico within a mining district known as the Sierra Mojada District. The main project of the company is the Sierra Mojada Project. Its geographical segments are Mexico, Canada, and others.

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