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

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) saw its stock price increase by 25.9%, trading at C$0.37 after previously closing at C$0.29.
• Trading volume surged to approximately 3.1 million shares, a 308% increase compared to the average daily volume.
• The company focuses on the acquisition and development of precious and base metal properties, with its flagship property being the Cerro Las Minitas project in Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report)'s share price rose 25.9% during trading on Saturday . The stock traded as high as C$0.37 and last traded at C$0.37. Approximately 3,098,213 shares changed hands during mid-day 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 Stock Performance

The company has a 50-day simple moving average of C$0.25 and a 200 day simple moving average of C$0.24. The company has a market cap of C$156.28 million, a P/E ratio of -20.25 and a beta of 1.15.

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.