Southern Silver Exploration (CVE:SSV) Shares Down 13.6% - Here's What Happened

Shares of Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) traded down 13.6% on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.26. 2,832,587 shares changed hands during trading, an increase of 742% from the average session volume of 336,232 shares. The stock had previously closed at C$0.30.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.71 price target on Southern Silver Exploration and gave the stock a "buy" rating in a research note on Tuesday, March 18th.

Southern Silver Exploration Trading Down 13.6%

The stock's fifty day moving average is C$0.24 and its 200 day moving average is C$0.22. The company has a market capitalization of C$78.90 million, a P/E ratio of -14.74 and a beta of 1.95.

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.

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