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

Key Points

• Southern Silver Exploration Corp. shares soared by 25.9%, reaching a last traded price of C$0.37, significantly increasing trading volume to approximately 3 million shares.
• The company has a market capitalization of C$140.85 million with a current PE ratio of -18.25, indicating potential volatility.
• Southern Silver Exploration focuses on acquiring and developing precious and base metal properties in North America, with its flagship project located in Durango, Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shot up 25.9% on Saturday . The stock 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 Price Performance

The company has a market capitalization of C$140.85 million, a P/E ratio of -18.25 and a beta of 1.15. The company has a fifty day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.23.

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.