AbraSilver Resource (OTCMKTS:ABBRF) Trading Down 4.1% – Time to Sell?

AbraSilver Resource Corp. (OTCMKTS:ABBRF) shares dropped 4.1% on Friday . The company traded as low as $9.23 and last traded at $9.68. 97,469 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 225,588 shares. The stock had previously closed at $10.0920.

Analysts Set New Price Targets

Separately, Scotiabank restated an “outperform” rating on shares of AbraSilver Resource in a report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, AbraSilver Resource presently has a consensus rating of “Buy”.

AbraSilver Resource Price Performance

The company’s 50-day moving average is $10.59 and its 200 day moving average is $10.52.

AbraSilver Resource Company Profile

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.