Southern Silver Exploration (CVE:SSV) Trading 20.7% Higher - Here's Why

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) experienced a significant stock increase of 20.7% during mid-day trading, reaching C$0.36 before closing at C$0.35.
• The trading volume surged to 1,743,895 shares, a notable increase of 132% from its average session volume.
• The company specializes in the exploration and development of precious and base metal properties, with its flagship project being the Cerro Las Minitas in Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shares were up 20.7% during trading on Friday . The company traded as high as C$0.36 and last traded at C$0.35. Approximately 1,743,895 shares changed hands during mid-day trading, an increase of 132% from the average daily volume of 752,175 shares. The stock had previously closed at C$0.29.

Southern Silver Exploration Stock Up 11.0%

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

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.