Southern Silver Exploration (CVE:SSV) Trading Up 9.1%

Shares of Southern Silver Exploration Corp. (CVE:SSV) shot up 9.1% on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.24. 109,934 shares were traded during mid-day trading, a decline of 47% from the average session volume of 206,941 shares. The stock had previously closed at C$0.22.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.60 price objective on Southern Silver Exploration and gave the company a “buy” rating in a research report on Friday, June 28th.

Southern Silver Exploration Stock Performance

The company has a market capitalization of C$69.97 million, a PE ratio of -22.00 and a beta of 1.89. The company’s fifty day moving average is C$0.25 and its 200-day moving average is C$0.19.

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.