Southern Silver Exploration (CVE:SSV) Reaches New 12-Month High – Still a Buy?

Shares of Southern Silver Exploration Corp. (CVE:SSVGet Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$0.72 and last traded at C$0.68, with a volume of 2122152 shares traded. The stock had previously closed at C$0.65.

Analysts Set New Price Targets

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

Read Our Latest Research Report on SSV

Southern Silver Exploration Stock Performance

The business has a 50 day moving average of C$0.47 and a 200-day moving average of C$0.35. The company has a market capitalization of C$286.17 million, a P/E ratio of -23.67 and a beta of 2.05.

About Southern Silver Exploration

(Get Free Report)

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.

Further Reading

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