Southern Silver Exploration (CVE:SSV) Hits New 52-Week High – Here’s Why

Shares of Southern Silver Exploration Corp. (CVE:SSV) hit a new 52-week high on Monday . The company traded as high as C$0.83 and last traded at C$0.82, with a volume of 2085561 shares. The stock had previously closed at C$0.73.

Analyst Ratings Changes

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

Southern Silver Exploration Stock Up 9.6%

The stock has a market cap of C$322.44 million, a price-to-earnings ratio of -26.67 and a beta of 2.21. The stock has a 50 day simple moving average of C$0.49 and a 200 day simple moving average of C$0.36.

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. The company was formerly known as Newcoast Silver Mines Ltd. and changed its name to Southern Silver Exploration Corp.