Southern Silver Exploration (CVE:SSV) Trading 25.9% Higher - Should You Buy?

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) shares increased by 25.9%, reaching a trading price of C$0.37 during mid-day trading.
• Trading volume surged to 3,098,213 shares, which is a 308% increase from the average session volume.
• The company focuses on the exploration and development of precious and base metal properties, notably its Cerro Las Minitas project in Durango State, Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shares traded up 25.9% on Friday . The company traded as high as C$0.37 and last traded at C$0.37. 3,098,213 shares changed hands during trading, an increase of 308% from the average session volume of 759,906 shares. The stock had previously closed at C$0.29.

Southern Silver Exploration Stock Up 25.9%

The stock's 50 day moving average price is C$0.24 and its two-hundred day moving average price is C$0.23. The stock has a market cap of C$140.85 million, a price-to-earnings 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.