Southern Silver Exploration (CVE:SSV) Stock Price Up 11.1% – Time to Buy?

Southern Silver Exploration Corp. (CVE:SSV)’s stock price shot up 11.1% during mid-day trading on Tuesday . The company traded as high as C$0.56 and last traded at C$0.55. 395,197 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 1,700,818 shares. The stock had previously closed at C$0.50.

Southern Silver Exploration Stock Performance

The firm has a market capitalization of C$245.86 million, a PE ratio of -20.33 and a beta of 2.04. The business has a 50 day moving average price of C$0.70 and a 200-day moving average price of C$0.57.

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.