Southern Silver Exploration (CVE:SSV) Shares Up 27.7% – Still a Buy?

Southern Silver Exploration Corp. (CVE:SSVGet Free Report)’s stock price shot up 27.7% during trading on Monday . The stock traded as high as C$0.61 and last traded at C$0.60. 1,721,748 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 884,910 shares. The stock had previously closed at C$0.47.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.87 price objective on Southern Silver Exploration and gave the stock a “buy” rating in a research note on Tuesday, November 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Southern Silver Exploration has a consensus rating of “Buy” and a consensus target price of C$0.87.

Get Our Latest Report on SSV

Southern Silver Exploration Price Performance

The firm’s 50 day moving average price is C$0.38 and its two-hundred day moving average price is C$0.29. The firm has a market capitalization of C$204.91 million, a PE ratio of -26.50 and a beta of 2.13.

Southern Silver Exploration Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Southern Silver Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Silver Exploration and related companies with MarketBeat.com's FREE daily email newsletter.