Southern Silver Exploration (CVE:SSV) Stock Price Up 20.7% - Here's Why

Key Points

• Southern Silver Exploration Corp. shares surged by 20.7%, reaching C$0.36 during trading on Friday, up from a previous close of C$0.29.
• The stock experienced a significant increase in trading volume, with approximately 1.74 million shares changing hands, marking a 132% rise from the average daily volume.
• Southern Silver Exploration, which focuses on the exploration and development of precious and base metals, has a market cap of C$136.99 million and its flagship project is located in Durango State, Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) rose 20.7% on Friday . The stock traded as high as C$0.36 and last traded at C$0.35. Approximately 1,743,895 shares were traded during trading, an increase of 132% from the average daily volume of 752,175 shares. The stock had previously closed at C$0.29.

Southern Silver Exploration Stock Performance

The firm has a market cap of C$156.28 million, a PE ratio of -20.25 and a beta of 1.15. The firm has a fifty day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.24.

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.