Southern Silver Exploration (CVE:SSV) Trading 9.1% Higher

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

Analysts Set New Price Targets

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

Southern Silver Exploration Trading Down 4.2 %

The firm has a 50 day moving average of C$0.25 and a 200-day moving average of C$0.19. The company has a market cap of C$67.06 million, a P/E ratio of -23.00 and a beta of 1.89.

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.