Southern Silver Exploration (CVE:SSV) Shares Down 2.1% – Here’s What Happened

Southern Silver Exploration Corp. (CVE:SSV) dropped 2.1% during trading on Wednesday . The company traded as low as C$0.23 and last traded at C$0.24. Approximately 124,650 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 266,419 shares. The stock had previously closed at C$0.24.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.60 price target on shares of Southern Silver Exploration and gave the company a “buy” rating in a research report on Tuesday, February 11th.

Southern Silver Exploration Stock Performance

The stock has a market capitalization of C$72.71 million, a price-to-earnings ratio of -13.59 and a beta of 1.95. The business has a 50-day moving average of C$0.21 and a 200-day moving average of C$0.24.

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.