Southern Silver Exploration (CVE:SSV) Trading 25.5% Higher – Should You Buy?

Southern Silver Exploration Corp. (CVE:SSV)’s share price rose 25.5% during trading on Monday . The stock traded as high as C$0.61 and last traded at C$0.59. Approximately 3,416,311 shares were traded during mid-day trading, an increase of 283% from the average daily volume of 892,519 shares. The stock had previously closed at C$0.47.

Analyst Upgrades and Downgrades

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

Southern Silver Exploration Stock Down 5.7%

The stock has a fifty day moving average price of C$0.38 and a two-hundred day moving average price of C$0.29. The company has a market capitalization of C$193.31 million, a price-to-earnings ratio of -25.00 and a beta of 2.13.

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.