AbraSilver Resource (OTC:ABBRF) Trading 0.8% Higher – What’s Next?

AbraSilver Resource Corp. (OTC:ABBRF)’s stock price traded up 0.8% during mid-day trading on Tuesday . The stock traded as high as $7.8080 and last traded at $7.6165. 210,482 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 191,115 shares. The stock had previously closed at $7.5550.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ABBRF shares. National Bankshares reissued an “outperform” rating on shares of AbraSilver Resource in a research note on Thursday, October 23rd. Scotiabank reiterated an “outperform” rating on shares of AbraSilver Resource in a report on Thursday, December 11th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

AbraSilver Resource Stock Up 4.2%

The firm has a fifty day simple moving average of $5.82 and a 200 day simple moving average of $4.77.

AbraSilver Resource Company Profile

AbraSilver Resource Corp. operates as an exploration company in Argentina, Chile, and Canada. It primarily explores for silver, gold, and copper. It holds interest in the Diablillos property located in the Salta province of northwestern Argentina; and the Aguas Perdidas project located in Chubut Province, Argentina. It also has an option agreement to acquire a 100% interest in the La Coipita project in San Juan province, Argentina. The company was formerly known as AbraPlata Resource Corp. and changed its name to AbraSilver Resource Corp.