Southern Silver Exploration (CVE:SSV) Stock Price Down 15.2% - Here's Why

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shares traded down 15.2% during mid-day trading on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.20. 2,763,799 shares changed hands during mid-day trading, an increase of 872% from the average session volume of 284,336 shares. The stock had previously closed at C$0.23.

Analysts Set New Price Targets

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

Southern Silver Exploration Trading Down 15.2%

The company has a 50 day moving average price of C$0.22 and a 200 day moving average price of C$0.22. The company has a market capitalization of C$60.34 million, a price-to-earnings ratio of -11.28 and a beta of 1.95.

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.

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