Southern Silver Exploration (CVE:SSV) Stock Price Up 25.9% - Should You Buy?

Key Points

• Southern Silver Exploration Corp. shares surged by 25.9% on Saturday, reaching a trading high of C$0.37 compared to the previous close of C$0.29.
• Trading volume increased significantly with over 3 million shares exchanged, marking a 308% rise from the average session volume.
• The company is an exploration stage firm focused on developing precious and base metal properties in North America, particularly the Cerro Las Minitas project in Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shares were up 25.9% during trading on Saturday . The company traded as high as C$0.37 and last traded at C$0.37. Approximately 3,098,213 shares traded hands during mid-day 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 capitalization of C$156.28 million, a P/E ratio of -20.25 and a beta of 1.15. The stock has a 50-day simple moving average of C$0.25 and a 200 day simple moving average of C$0.24.

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.