Southern Silver Exploration (CVE:SSV) Trading Up 9% – Time to Buy?

Southern Silver Exploration Corp. (CVE:SSV) shares were up 9% during trading on Thursday . The stock traded as high as C$0.69 and last traded at C$0.67. Approximately 1,533,287 shares were traded during trading, an increase of 63% from the average daily volume of 940,375 shares. The stock had previously closed at C$0.61.

Wall Street Analysts Forecast Growth

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

Southern Silver Exploration Trading Up 11.5%

The firm’s 50-day moving average price is C$0.40 and its two-hundred day moving average price is C$0.31. The stock has a market cap of C$262.91 million, a PE ratio of -34.00 and a beta of 2.05.

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.