Southern Silver Exploration (CVE:SSV) Shares Up 15.4%

Southern Silver Exploration Corp. (CVE:SSV)’s stock price shot up 15.4% during trading on Friday . The company traded as high as C$0.30 and last traded at C$0.30. 514,800 shares changed hands during trading, an increase of 134% from the average session volume of 219,942 shares. The stock had previously closed at C$0.26.

Wall Street Analysts Forecast Growth

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 Stock Performance

The business has a 50-day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.23. The stock has a market cap of C$95.52 million, a price-to-earnings ratio of -31.00 and a beta of 1.92.

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.