Southern Silver Exploration (CVE:SSV) Trading 25.9% Higher - Here's Why

Key Points

• Southern Silver Exploration Corp. shares rose by 25.9% to C$0.37, significantly increasing trading volume to over 3 million shares, which is a 308% increase compared to its average.
• The company has a market capitalization of C$140.85 million and reported a PE ratio of -18.25, indicating potential volatility.
• Southern Silver primarily focuses on the acquisition and exploration of precious and base metals in North America, with its flagship project being the Cerro Las Minitas located in Mexico.

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

The company's 50-day simple moving average is C$0.24 and its 200 day simple moving average is C$0.23. The stock has a market capitalization of C$140.85 million, a price-to-earnings ratio of -18.25 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.