Southern Silver Exploration (CVE:SSV) Trading Up 25.9% - Here's Why

Key Points

• Southern Silver Exploration Corp. shares surged by 25.9% in mid-day trading, reaching C$0.37, a significant increase from the previous closing price of C$0.29.
• The volume of shares traded on Friday was approximately 3,098,213, marking a 308% increase compared to the average daily volume of 759,906 shares.
• Southern Silver is focused on the acquisition and exploration of precious/base metal properties in North America, with its flagship project being the Cerro Las Minitas in Durango State, Mexico.

Southern Silver Exploration Corp. (CVE:SSV - ) shares rose 25.9% during mid-day trading on Friday . The stock traded as high as C$0.37 and last traded at C$0.37. Approximately 3,098,213 shares traded hands during mid-day trading, an increase of 308% from the average daily volume of 759,906 shares. The stock had previously closed at C$0.29.

Southern Silver Exploration Price Performance

The stock has a market capitalization of C$140.85 million, a P/E ratio of -18.25 and a beta of 1.15. The company has a 50 day simple moving average of C$0.24 and a 200-day simple moving average of C$0.23.

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.

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