Southern Silver Exploration (CVE:SSV) Stock Falls 2.5% - What's Next?

Key Points

• Southern Silver Exploration shares fell 2.5% to C$0.39 during mid-day trading, with volume down 44% from the average session. The stock remains below its 50-day and 200-day moving averages.
• Insider activity was mixed: John Oness sold 100,000 shares, reducing his position by 34.42%, while Robert William John Macdonald bought 350,000 shares, increasing his holdings by 125.45%.
• Southern Silver is an exploration-stage company focused on precious and base metals, with its flagship Cerro Las Minitas project spanning approximately 27,422 hectares in Mexico.

Southern Silver Exploration Corp. (CVE:SSV - ) dropped 2.5% during mid-day trading on Monday. The company traded as low as C$0.38 and last traded at C$0.39. Approximately 570,251 shares were traded during trading, a decline of 44% from the average session volume of 1,025,970 shares. The stock had previously closed at C$0.40.

Southern Silver Exploration Stock Down 2.5%

The company has a market capitalization of C$161.70 million, a PE ratio of -12.83 and a beta of 2.76. The firm's 50-day moving average is C$0.55 and its 200-day moving average is C$0.59.

Insider Activity

In other news, insider John Oness sold 100,000 shares of the company's stock in a transaction dated Monday, September 28th. The stock was sold at an average price of C$0.60, for a total value of C$60,000.00. Following the completion of the transaction, the insider directly owned 190,500 shares in the company, valued at approximately C$114,300. This represents a 34.42% decrease in their position. Also, insider Robert William John Macdonald acquired 350,000 shares of Southern Silver Exploration stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of C$0.62 per share, for a total transaction of C$217,000.00. Following the completion of the transaction, the insider directly owned 629,000 shares in the company, valued at approximately C$389,980. The trade was a 125.45% increase in their position. In the last ninety days, insiders have sold 225,000 shares of company stock valued at $135,000. Corporate insiders own 25.66% of the company's stock.

About Southern Silver Exploration

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. The company was formerly known as Newcoast Silver Mines Ltd. and changed its name to Southern Silver Exploration Corp.

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