Southern Silver Exploration (CVE:SSV) Stock Price Up 17.2% - Should You Buy?

Key Points

• Southern Silver Exploration Corp. shares surged 17.2% during mid-day trading, reaching a high of C$0.36 before closing at C$0.34.
• The stock saw a significant increase in trading volume, with 2,229,995 shares traded, up 196% from its average volume.
• The company focuses on the acquisition and exploration of precious and base metal properties, particularly its flagship Cerro Las Minitas project in Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report)'s share price traded up 17.2% during trading on Friday . The stock traded as high as C$0.36 and last traded at C$0.34. 2,229,995 shares were traded during mid-day trading, an increase of 196% from the average session volume of 752,175 shares. The stock had previously closed at C$0.29.

Southern Silver Exploration Stock Performance

The firm's 50-day moving average is C$0.24 and its 200 day moving average is C$0.23. The firm has a market capitalization of C$140.85 million, a PE ratio of -18.25 and a beta of 1.15.

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.