Southern Silver Exploration (CVE:SSV) Shares Down 11.9% - Here's What Happened

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report)'s share price dropped 11.9% during mid-day trading on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.26. Approximately 1,632,276 shares were traded during mid-day trading, an increase of 403% from the average daily volume of 324,531 shares. The stock had previously closed at C$0.30.

Southern Silver Exploration Stock Performance

The company's 50 day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.22. The stock has a market cap of C$78.90 million, a price-to-earnings ratio of -14.74 and a beta of 1.95.

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.