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

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) saw a substantial stock increase of 25.9%, rising to C$0.37 amid a trading volume spike of 308% over the average daily volume.
• The company has a market capitalization of C$140.85 million and a P/E ratio of -18.25, indicating a current financial position of investment interest.
• Southern Silver's key asset is the Cerro Las Minitas project in Mexico, focused on the exploration for various precious and base metals including gold and silver.

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

Southern Silver Exploration Trading Up 11.0%

The stock has a market cap of C$156.28 million, a price-to-earnings ratio of -20.25 and a beta of 1.15. The stock's 50 day moving average is C$0.25 and its two-hundred day moving average is 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.