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

Key Points

• Shares of Southern Silver Exploration Corp. increased by 25.9% during trading, reaching a last traded price of C$0.37.
• The stock's trading volume surged to approximately 3,098,213 shares, marking a 308% increase from its average daily volume.
• Southern Silver is engaged in the acquisition and exploration of precious and base metals, with its flagship property being the Cerro Las Minitas project in Mexico.

Shares of Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shot up 25.9% during mid-day trading on Friday . The company traded as high as C$0.37 and last traded at C$0.37. 3,098,213 shares were traded 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 Trading Up 12.9%

The firm has a market cap of C$158.98 million, a P/E ratio of -20.60 and a beta of 1.15. The business's fifty day moving average price is C$0.24 and its two-hundred day moving average price is 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.