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

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) saw its share price increase by 25.9%, trading as high as C$0.37 after closing at C$0.29.
• The trading volume surged to 3,098,213 shares, marking a 308% increase from the average session volume of 759,906 shares.
• The company, with a market capitalization of C$140.85 million, focuses on the exploration of precious and base metals, with its flagship project located in Durango State, Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shares rose 25.9% on Saturday . The stock traded as high as C$0.37 and last traded at C$0.37. 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 Performance

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. The company has a 50-day moving average of C$0.25 and a 200-day moving average of C$0.24.

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.