AbraSilver Resource (OTCMKTS:ABBRF) Stock Falls 0.3% – Time to Sell?

AbraSilver Resource Corp. (OTCMKTS:ABBRF)’s share price dropped 0.3% during mid-day trading on Tuesday. The company traded as low as $8.17 and last traded at $8.4320. Approximately 108,671 shares were traded during trading, a decline of 49% from the average daily volume of 213,886 shares. The stock had previously closed at $8.4580.

Analyst Ratings Changes

Separately, Scotiabank reissued an “outperform” rating on shares of AbraSilver Resource in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AbraSilver Resource presently has an average rating of “Buy”.

AbraSilver Resource Price Performance

The firm’s 50-day moving average is $10.43 and its 200 day moving average is $10.67.

AbraSilver Resource Company Profile

AbraSilver Resource Corp. is a mineral exploration and development company focused on advancing precious-metals projects in Argentina. The company’s primary asset is the Diablillos silver-gold project in Salta Province, a property with multiple mineralized zones that AbraSilver is evaluating through exploration, resource definition and development studies.

The Diablillos project includes the Oculto deposit and other targets prospective for silver and gold. AbraSilver’s activities include drilling, geological exploration, metallurgical testing, engineering studies and permitting intended to assess the project’s potential for future development and production.