Silver Viper Minerals (CVE:VIPR) Stock Price Down 9.7% - Here's What Happened

Key Points

• Down 9.7% — Silver Viper Minerals (CVE:VIPR) fell 9.7% on Tuesday, sliding from a close of C$2.16 to a last trade of C$1.95 and hitting an intraday low of C$1.83.
• Volume and volatility — About 174,990 shares changed hands (a 49% drop versus average daily volume) and the stock shows elevated volatility with a beta of 3.21.
• Company profile and fundamentals — Market cap is C$129.42 million with a negative P/E of -9.89; the company explores gold and silver in Mexico, notably the 35,600-hectare La Virginia project in Sonora.

Silver Viper Minerals Corp. (CVE:VIPR - )'s stock price dropped 9.7% during trading on Tuesday . The company traded as low as C$1.83 and last traded at C$1.95. Approximately 174,990 shares traded hands during trading, a decline of 49% from the average daily volume of 339,876 shares. The stock had previously closed at C$2.16.

Silver Viper Minerals Price Performance

The stock's fifty day moving average price is C$1.40 and its 200-day moving average price is C$0.93. The firm has a market cap of C$129.42 million, a price-to-earnings ratio of -9.89 and a beta of 3.21.

About Silver Viper Minerals

Silver Viper Minerals Corp. engages in the acquisition and exploration of mineral properties in Mexico. The company primarily explores for gold and silver deposits. It owns interest in the La Virginia gold-silver project that comprises six mineral concessions covering an area of 35,600 hectares located in Sonora, Mexico. The company was incorporated in 2016 and is headquartered in Vancouver, Canada.

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