Southern Silver Exploration (CVE:SSV) Shares Up 27.7% – What’s Next?

by · The Markets Daily

Shares of Southern Silver Exploration Corp. (CVE:SSV – Get Free Report) rose 27.7% on Monday . The company traded as high as C$0.61 and last traded at C$0.60. Approximately 1,721,748 shares traded hands during mid-day trading, an increase of 95% from the average daily volume of 884,910 shares. The stock had previously closed at C$0.47.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.87 price objective on Southern Silver Exploration and gave the stock a “buy” rating in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Southern Silver Exploration presently has a consensus rating of “Buy” and a consensus price target of C$0.87.

Read Our Latest Analysis on SSV

Southern Silver Exploration Stock Performance

The firm has a market cap of C$228.11 million, a P/E ratio of -29.50 and a beta of 2.13. The stock’s 50-day moving average is C$0.38 and its 200 day moving average is 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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