Southern Silver Exploration (CVE:SSV) Insider John Oness Sells 25,000 Shares of Stock

Southern Silver Exploration Corp. (CVE:SSV) insider John Oness sold 25,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of C$0.60, for a total transaction of C$15,000.00. Following the completion of the sale, the insider owned 10,500 shares of the company’s stock, valued at C$6,300. This trade represents a 70.42% decrease in their ownership of the stock.

Southern Silver Exploration Stock Performance

Shares of CVE:SSV traded up C$0.01 during midday trading on Friday, hitting C$0.64. The company’s stock had a trading volume of 705,771 shares, compared to its average volume of 1,179,119. The company has a market cap of C$263.84 million, a P/E ratio of -21.33 and a beta of 2.51. Southern Silver Exploration Corp. has a 12-month low of C$0.20 and a 12-month high of C$1.13. The business’s 50 day simple moving average is C$0.49 and its 200 day simple moving average is C$0.59.

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. The company was formerly known as Newcoast Silver Mines Ltd. and changed its name to Southern Silver Exploration Corp.