Southern Silver Exploration (CVE:SSV) Trading 15.8% Higher - Time to Buy?

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) traded up 15.8% during mid-day trading on Monday . The company traded as high as C$0.33 and last traded at C$0.33. 749,773 shares changed hands during trading, an increase of 152% from the average session volume of 297,366 shares. The stock had previously closed at C$0.29.

Wall Street Analyst Weigh In

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

Southern Silver Exploration Stock Performance

The company has a market capitalization of C$103.65 million, a price-to-earnings ratio of -19.37 and a beta of 1.95. The company has a 50-day moving average price of C$0.24 and a 200-day moving average price of C$0.22.

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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