Shares of Southern Silver Exploration Corp (CVE:SSV) traded up 5.7% on Wednesday . The company traded as high as C$0.19 and last traded at C$0.19, 203,000 shares were traded during trading. An increase of 267% from the average session volume of 55,325 shares. The stock had previously closed at C$0.18.
Separately, Fundamental Research cut their price objective on shares of Southern Silver Exploration from C$0.58 to C$0.52 and set a “top pick” rating on the stock in a research report on Wednesday, June 12th.
The stock has a market cap of $16.43 million and a price-to-earnings ratio of -6.61. The stock’s 50-day simple moving average is C$0.17.
Southern Silver Exploration Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious/base metal properties in North America. It explores for gold, silver, copper, lead, and zinc ores. The company's flagship property is the Cerro Las Minitas that comprises 25 concessions totaling approximately 34,415 hectares, which is located in Durango State, Mexico.
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