Southern Silver Exploration Corp. (CVE:SSV – Get Free Report) traded up 13.2% during trading on Wednesday. The stock traded as high as C$0.39 and last traded at C$0.39. 276,117 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 1,013,099 shares. The stock had previously closed at C$0.34.
Southern Silver Exploration Trading Up 2.8%
The firm has a market capitalization of C$155.40 million, a price-to-earnings ratio of -12.33 and a beta of 2.68. The company’s 50 day moving average is C$0.51 and its 200-day moving average is C$0.57.
Insider Buying and Selling at Southern Silver Exploration
In related news, insider John Oness sold 100,000 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of C$0.60, for a total value of C$60,000.00. Following the transaction, the insider owned 190,500 shares in the company, valued at approximately C$114,300. This trade represents a 34.42% decrease in their ownership of the stock. Also, insider Robert William John Macdonald purchased 350,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average cost of C$0.62 per share, with a total value of C$217,000.00. Following the purchase, the insider owned 629,000 shares of the company’s stock, valued at C$389,980. This represents a 125.45% increase in their ownership of the stock. Corporate insiders own 25.66% of the company’s stock.
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.
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