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

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) surged 25.9% in trading, reaching a price of C$0.37, with a significant volume increase of approximately 308% compared to its average daily trading volume.
• The company has a market capitalization of C$140.85 million, a P/E ratio of -18.25, and a beta of 1.15, indicating higher volatility relative to the market.
• Southern Silver focuses on the exploration and development of precious and base metal properties, with its flagship project being the Cerro Las Minitas in Mexico.

Shares of Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) traded up 25.9% on Saturday . The stock traded as high as C$0.37 and last traded at C$0.37. 3,098,213 shares traded hands during 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 company has a market cap of C$158.21 million, a PE ratio of -20.50 and a beta of 1.15. The company's 50 day simple moving average is C$0.25 and its two-hundred 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.