Insider Buying: Southern Silver Exploration (CVE:SSV) Insider Acquires C$217,000.00 in Stock

Southern Silver Exploration Corp. (CVE:SSV) insider Robert William John Macdonald acquired 350,000 shares of Southern Silver Exploration stock in a transaction dated Friday, September 4th. The stock was purchased at an average price of C$0.62 per share, with a total value of C$217,000.00. Following the completion of the purchase, the insider owned 629,000 shares of the company’s stock, valued at approximately C$389,980. The trade was a 125.45% increase in their ownership of the stock.

Southern Silver Exploration Stock Down 1.7%

Southern Silver Exploration stock opened at C$0.59 on Friday. Southern Silver Exploration Corp. has a 52 week low of C$0.27 and a 52 week high of C$1.13. The company has a market capitalization of C$245.68 million, a price-to-earnings ratio of -19.67 and a beta of 2.48. The stock has a 50-day moving average price of C$0.56 and a 200 day moving average price of C$0.56.

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. The company was formerly known as Newcoast Silver Mines Ltd. and changed its name to Southern Silver Exploration Corp.