Southern Silver Exploration (CVE:SSV) Trading Up 27.7% – What’s Next?

Shares of Southern Silver Exploration Corp. (CVE:SSV) were up 27.7% during trading on Monday . The stock traded as high as C$0.61 and last traded at C$0.60. Approximately 1,721,748 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 884,910 shares. The stock had previously closed at C$0.47.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.87 price objective on Southern Silver Exploration and gave the stock a “buy” rating in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$0.87.

Southern Silver Exploration Trading Up 25.5%

The firm has a market capitalization of C$228.11 million, a P/E ratio of -29.50 and a beta of 2.13. The business’s fifty day moving average is C$0.38 and its 200 day moving average is C$0.29.

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.