Southern Silver Exploration (CVE:SSV) Shares Up 2.3% - Here's Why

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) saw its stock rise by 2.3% during recent trading, reaching a last recorded price of C$0.23 with a significant increase in trading volume.
• The company's market capitalization stands at C$69.62 million, with a P/E ratio of -13.01, indicating a loss in earnings per share.
• Southern Silver primarily engages in the exploration and development of precious and base metal properties, notably the Cerro Las Minitas project in Mexico.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report)'s stock price rose 2.3% on Thursday . The company traded as high as C$0.24 and last traded at C$0.23. Approximately 6,626,969 shares traded hands during mid-day trading, an increase of 1,258% from the average daily volume of 487,929 shares. The stock had previously closed at C$0.22.

Southern Silver Exploration Trading Down 3.6%

The firm has a 50 day simple moving average of C$0.25 and a 200 day simple moving average of C$0.23. The firm has a market capitalization of C$65.60 million, a PE ratio of -12.26 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.