Southern Silver Exploration (CVE:SSV) Shares Up 25.9% - Here's What Happened

Key Points

• Southern Silver Exploration Corp. shares surged by 25.9% during mid-day trading, with a trading volume of 3,098,213 shares, significantly higher than the average volume.
• The stock price reached a high of C$0.37, up from a previous close of C$0.29, reflecting strong market interest.
• Southern Silver operates in mineral exploration, focusing on precious and base metals, with its flagship property being the Cerro Las Minitas project in Durango State, Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report)'s share price rose 25.9% during mid-day trading on Saturday . The stock traded as high as C$0.37 and last traded at C$0.37. Approximately 3,098,213 shares traded hands during trading, an increase of 308% from the average daily volume of 759,906 shares. The stock had previously closed at C$0.29.

Southern Silver Exploration Stock Performance

The company has a market capitalization of C$156.28 million, a PE ratio of -20.25 and a beta of 1.15. The company's 50-day simple moving average is C$0.25 and its 200-day simple moving average is C$0.24.

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.