Southern Silver Exploration (CVE:SSV) Trading 5.9% Higher - Here's Why

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report)'s stock price traded up 5.9% during trading on Thursday . The stock traded as high as C$0.27 and last traded at C$0.27. 115,228 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 267,586 shares. The stock had previously closed at C$0.26.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.71 price objective on Southern Silver Exploration and gave the stock a "buy" rating in a research report on Tuesday, March 18th.

Southern Silver Exploration Stock Performance

The firm's 50-day moving average price is C$0.22 and its two-hundred day moving average price is C$0.21. The stock has a market cap of C$77.35 million, a price-to-earnings ratio of -14.46 and a beta of 1.95.

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.