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

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shares dropped 15.2% during mid-day trading on Wednesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 2,763,799 shares were traded during mid-day trading, an increase of 872% from the average daily 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 stock a "buy" rating in a report on Tuesday, March 18th.

Southern Silver Exploration Trading Down 3.5%

The company has a market cap of C$68.07 million, a P/E ratio of -12.72 and a beta of 1.95. The business's 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.22.

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.