Southern Silver Exploration (CVE:SSV) Stock Price Up 25.9% - Should You Buy?

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) experienced a significant stock increase of 25.9%, closing at C$0.37 with over 3 million shares traded, reflecting a 308% increase in volume.
• The company has a market capitalization of C$140.85 million and operates primarily in the exploration of precious/base metals, focusing on its flagship Cerro Las Minitas project in Mexico.
• With a price-to-earnings ratio of -18.25 and 50-day and 200-day moving averages of C$0.24 and C$0.23, respectively, investors are evaluating if the stock remains a good buy.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report)'s stock price was 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. Approximately 3,098,213 shares traded hands during 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 50 day simple moving average of C$0.25 and a 200-day simple moving average of C$0.24. The firm has a market cap of C$156.28 million, a PE 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.