Robert William John Macdonald Purchases 350,000 Shares of Southern Silver Exploration (CVE:SSV) Stock

Southern Silver Exploration Corp. (CVE:SSV) insider Robert William John Macdonald purchased 350,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average price of C$0.62 per share, for a total transaction of C$217,000.00. Following the transaction, the insider directly owned 629,000 shares of the company’s stock, valued at C$389,980. This trade represents a 125.45% increase in their position.

Southern Silver Exploration Stock Performance

CVE SSV remained flat at C$0.65 on Wednesday. The company’s stock had a trading volume of 568,004 shares, compared to its average volume of 1,115,951. The business has a 50 day moving average price of C$0.56 and a 200-day moving average price of C$0.56. The company has a market cap of C$270.67 million, a PE ratio of -21.67 and a beta of 2.48. Southern Silver Exploration Corp. has a 12-month low of C$0.24 and a 12-month high of C$1.13.

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.