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

Southern Silver Exploration Corp. (CVE:SSVGet Free Report)’s share price shot up 11.1% during trading on Tuesday . The company traded as high as C$0.50 and last traded at C$0.50. 613,071 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,220,379 shares. The stock had previously closed at C$0.45.

Southern Silver Exploration Price Performance

The firm’s 50 day moving average is C$0.49 and its 200 day moving average is C$0.61. The company has a market cap of C$218.49 million, a PE ratio of -17.67 and a beta of 2.51.

About Southern Silver Exploration

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

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