Southern Silver Exploration (CVE:SSV) Shares Up 20.3% - Time to Buy?

Key Points

• Southern Silver Exploration Corp. stock surged 20.3% on Thursday, reaching a price of C$0.48 with significant trading volume of over 2.2 million shares.
• The company has a market cap of C$175.92 million and is primarily focused on the exploration of precious and base metals in North America.
• Its flagship project is the Cerro Las Minitas, located in Durango State, Mexico, covering approximately 27,422 hectares.

Southern Silver Exploration Corp. (CVE:SSV - )'s stock price shot up 20.3% on Thursday . The stock traded as high as C$0.48 and last traded at C$0.48. 2,202,165 shares traded hands during trading, an increase of 159% from the average session volume of 849,784 shares. The stock had previously closed at C$0.40.

Southern Silver Exploration Stock Performance

The company has a 50 day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.25. The company has a market cap of C$175.92 million, a PE ratio of -22.75 and a beta of 1.85.

Southern Silver Exploration Company Profile

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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