Southern Silver Exploration (CVE:SSV) Stock Price Up 25.9% - Here's What Happened

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 share price shot up 25.9% during trading on Saturday . The stock traded as high as C$0.37 and last traded at C$0.37. 3,098,213 shares traded 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 Trading Up 25.9%

The firm has a market cap of C$140.85 million, a PE ratio of -18.25 and a beta of 1.15. The company has a 50-day simple moving average of C$0.24 and a 200 day simple moving average of C$0.23.

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.