Southern Silver Exploration (CVE:SSV) Trading Up 2.4% - Time to Buy?

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) saw its stock price rise by 2.4% during mid-day trading, reaching a high of C$0.22 and staying at C$0.21 with increased trading volume.
• The company's market cap stands at C$64.98 million, with a negative PE ratio of -12.14, indicating potential challenges in profitability.
• Southern Silver Exploration primarily focuses on acquiring and exploring precious and base metals, with its flagship property being the Cerro Las Minitas project in Durango State, Mexico.

Shares of Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shot up 2.4% during mid-day trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.21. 1,581,075 shares were traded during trading, an increase of 176% from the average session volume of 571,956 shares. The stock had previously closed at C$0.21.

Southern Silver Exploration Price Performance

The stock's fifty day moving average price is C$0.24 and its 200-day moving average price is C$0.23. The firm has a market cap of C$100.33 million, a price-to-earnings ratio of -13.00 and a beta of 1.31.

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.