Southern Silver Exploration (CVE:SSV) Shares Up 9.1%

Southern Silver Exploration Corp. (CVE:SSV)’s share price was up 9.1% during trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.24. Approximately 109,934 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 206,941 shares. The stock had previously closed at C$0.22.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.60 target price on shares of Southern Silver Exploration and gave the stock a “buy” rating in a research report on Friday, June 28th.

Southern Silver Exploration Trading Up 9.1 %

The stock has a market capitalization of C$69.97 million, a price-to-earnings ratio of -22.00 and a beta of 1.89. The firm has a 50-day moving average of C$0.25 and a 200-day moving average of C$0.19.

Southern Silver Exploration Company Profile

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.