Southern Silver Exploration (CVE:SSV) Stock Price Down 14.3% – Here’s What Happened

Southern Silver Exploration Corp. (CVE:SSV) dropped 14.3% during mid-day trading on Thursday . The stock traded as low as C$0.72 and last traded at C$0.72. Approximately 860,027 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 2,060,587 shares. The stock had previously closed at C$0.84.

Wall Street Analysts Forecast Growth

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 research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$0.87.

Southern Silver Exploration Stock Up 7.4%

The firm’s 50 day moving average is C$0.73 and its 200-day moving average is C$0.46. The firm has a market cap of C$294.23 million, a PE ratio of -24.33 and a beta of 2.49.

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