Southern Silver Exploration (CVE:SSV) Trading 25.5% Higher – Should You Buy?

by · The Cerbat Gem

Southern Silver Exploration Corp. (CVE:SSV – Get Free Report)’s stock price traded up 25.5% on Monday . The company traded as high as C$0.61 and last traded at C$0.59. 2,851,368 shares traded hands during trading, an increase of 220% from the average session volume of 891,088 shares. The stock had previously closed at C$0.47.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on SSV

Southern Silver Exploration Stock Performance

The firm has a market capitalization of C$208.78 million, a PE ratio of -27.00 and a beta of 2.13. The company has a fifty day moving average price of C$0.38 and a 200-day moving average price of C$0.29.

About Southern Silver Exploration

(Get Free Report)

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.

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