Southern Silver Exploration (CVE:SSV) Trading Down 15.2% - Here's Why

Shares of Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) fell 15.2% during trading on Wednesday . The company traded as low as C$0.20 and last traded at C$0.20. 2,763,799 shares traded hands during mid-day trading, an increase of 872% from the average session volume of 284,336 shares. The stock had previously closed at C$0.23.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.71 price objective on shares of Southern Silver Exploration and gave the company a "buy" rating in a report on Tuesday, March 18th.

Southern Silver Exploration Stock Performance

The stock has a market cap of C$60.34 million, a PE ratio of -11.28 and a beta of 1.95. The stock's 50-day moving average is C$0.22 and its two-hundred day moving average is C$0.22.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.