Southern Silver Exploration (CVE:SSV) Stock Jumps 13.2% - Should You Buy?

Key Points

• Southern Silver Exploration shares rose 13.2% to C$0.39, up from a prior close of C$0.34, on trading volume 73% below its average.
• The stock remains below its 50-day and 200-day moving averages of C$0.52 and C$0.58, respectively; its market capitalization is C$161.7 million.
• Insider transactions were mixed: one insider bought 350,000 shares, while another sold 100,000; insiders collectively sold 225,000 shares over the past 90 days.

Shares of Southern Silver Exploration Corp. (CVE:SSV - ) traded up 13.2% during trading on Wednesday. The stock traded as high as C$0.39 and last traded at C$0.39. 276,117 shares changed hands during trading, a decline of 73% from the average session volume of 1,013,099 shares. The stock had previously closed at C$0.34.

Southern Silver Exploration Stock Performance

The firm's 50 day moving average price is C$0.52 and its two-hundred day moving average price is C$0.58. The company has a market cap of C$161.70 million, a P/E ratio of -12.83 and a beta of 2.76.

Insider Buying and Selling at Southern Silver Exploration

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.