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

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) saw a significant stock price increase of 25.9% over the weekend, trading at C$0.37 after closing at C$0.29.
• During mid-day trading, the volume of shares exchanged soared to 3,098,213, marking an increase of 308% compared to its average session volume.
• The company, engaged in exploring for precious and base metals, has a market capitalization of approximately C$140.85 million and its flagship property is the Cerro Las Minitas project in Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) 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 were traded 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 Stock Up 11.0%

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 stock has a market cap of C$156.28 million, a price-to-earnings 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.