Southern Silver Exploration (CVE:SSV) Stock Price Up 25.9% - Still a Buy?

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) saw its stock price surge by 25.9% to C$0.37, with trading volume increasing by 308% compared to its average daily volume.
• The company, with a market cap of C$140.85 million, focuses on exploring precious and base metal properties in North America, particularly through its flagship Cerro Las Minitas project in Mexico.
• Southern Silver's stock has a P/E ratio of -18.25 and moving averages of C$0.24 over 50 days and C$0.23 over 200 days, indicating recent volatility in stock performance.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report)'s stock price traded up 25.9% during mid-day trading 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 mid-day 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 Down 3.2%

The company has a market cap of C$151.26 million, a P/E ratio of -19.60 and a beta of 1.15. The firm has a 50 day moving average of C$0.25 and a 200-day moving average of 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.