Southern Silver Exploration (CVE:SSV) Shares Down 11.5% - Time to Sell?

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) experienced a significant stock price drop of 11.5%, trading at C$0.27 after previously closing at C$0.31.
• The company recorded a trading volume of approximately 1,085,969 shares, which is a 50% increase from its average daily volume.
• Southern Silver Exploration focuses on the acquisition 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)'s stock price fell 11.5% on Tuesday . The stock traded as low as C$0.27 and last traded at C$0.27. 1,085,969 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 725,236 shares. The stock had previously closed at C$0.31.

Southern Silver Exploration Price Performance

The company's 50 day moving average price is C$0.24 and its two-hundred day moving average price is C$0.23. The stock has a market capitalization of C$140.85 million, a PE 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.