Southern Silver Exploration (CVE:SSV) Trading 25.9% Higher - 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.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) rose 25.9% on Saturday . The company traded as high as C$0.37 and last traded at C$0.37. Approximately 3,098,213 shares were traded 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 Stock Up 11.0%

The business's 50 day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.23. The stock has a market cap of C$156.28 million, a P/E 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.