AbraSilver Resource (OTCMKTS:ABBRF) Trading 1.2% Higher – Here’s Why

AbraSilver Resource Corp. (OTCMKTS:ABBRF) traded up 1.2% on Friday . The stock traded as high as $11.75 and last traded at $11.5820. Approximately 134,080 shares traded hands during trading, a decline of 39% from the average daily volume of 218,649 shares. The stock had previously closed at $11.4405.

Analyst Upgrades and Downgrades

Separately, Scotiabank reaffirmed 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, the company has a consensus rating of “Buy”.

AbraSilver Resource Trading Up 1.2%

The firm’s fifty day simple moving average is $10.48 and its 200 day simple moving average is $10.75.

AbraSilver Resource Company Profile

AbraSilver Resource Corp. operates as an exploration company in Argentina, Chile, and Canada. It primarily explores for silver, gold, and copper. It holds interest in the Diablillos property located in the Salta province of northwestern Argentina; and the Aguas Perdidas project located in Chubut Province, Argentina. It also has an option agreement to acquire a 100% interest in the La Coipita project in San Juan province, Argentina. The company was formerly known as AbraPlata Resource Corp. and changed its name to AbraSilver Resource Corp.