Southern Silver Exploration (CVE:SSV) Shares Up 25.9% - What's Next?

Key Points

• Southern Silver Exploration Corp. (CVE:SSV) shares surged by 25.9% during mid-day trading, reaching a last price of C$0.37.
• The trading volume increased significantly, with over 3 million shares exchanged, marking a 308% rise compared to the average volume.
• The company's market capitalization stands at C$140.85 million, with a price-to-earnings ratio of -18.25 and operates primarily in North America focusing on precious and base metals.

Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) shares shot up 25.9% during trading on Saturday . The company 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 stock has a market cap of C$154.35 million, a P/E ratio of -20.00 and a beta of 1.15. The business's 50 day simple moving average is C$0.25 and its 200 day simple moving average is C$0.24.

Southern Silver Exploration Company Profile

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.