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

Key Points

• Southern Silver Exploration Corp. saw a significant increase of 25.9% in its stock price, trading at C$0.37 during mid-day sessions.
• The company's trading volume surged by 308%, with approximately 3 million shares exchanged compared to an average daily volume of about 759,906 shares.
• Southern Silver specializes in the exploration and development of precious and base metal properties in North America, with its flagship project located in Durango State, Mexico.

Shares of Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) were up 25.9% during trading on Saturday . The stock traded as high as C$0.37 and last traded at C$0.37. Approximately 3,098,213 shares changed 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 Stock Performance

The stock has a market capitalization of C$158.21 million, a P/E ratio of -20.50 and a beta of 1.15. The firm's fifty day simple moving average is C$0.25 and its 200 day simple moving average is C$0.24.

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.