Southern Silver Exploration (CVE:SSV) Trading 25.9% Higher - Should You Buy?

Key Points

• Southern Silver Exploration Corp. shares surged by 25.9%, reaching a peak of C$0.37 during mid-day trading on Saturday, significantly outperforming the average daily trading volume.
• The company, which has a market cap of C$140.85 million, specializes in the acquisition and exploration of precious and base metal properties, with its flagship project located in Mexico.
• Southern Silver's stock shows a P/E ratio of -18.25 and moving averages of C$0.24 over 50 days and C$0.23 over 200 days, indicating recent price volatility.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report)'s stock price traded up 25.9% during mid-day trading on Saturday . The company traded as high as C$0.37 and last traded at C$0.37. 3,098,213 shares traded hands during mid-day trading, an increase of 308% from the average session volume of 759,906 shares. The stock had previously closed at C$0.29.

Southern Silver Exploration Price Performance

The business has a 50-day moving average of C$0.25 and a two-hundred day moving average of C$0.24. The company has a market cap of C$156.28 million, a P/E ratio of -20.25 and a beta of 1.15.

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.