Southern Silver Exploration (CVE:SSV) Hits New 52-Week High – Here’s What Happened

Southern Silver Exploration Corp. (CVE:SSV)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$0.90 and last traded at C$0.90, with a volume of 3258625 shares. The stock had previously closed at C$0.80.

Wall Street Analyst Weigh In

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

Southern Silver Exploration Stock Up 11.3%

The stock has a market cap of C$358.72 million, a P/E ratio of -29.67 and a beta of 2.21. The stock has a fifty day simple moving average of C$0.63 and a 200-day simple moving average of C$0.42.

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. The company was formerly known as Newcoast Silver Mines Ltd. and changed its name to Southern Silver Exploration Corp.