Southern Silver Exploration Corp. (CVE:SSV – Get Free Report) was down 2.5% during mid-day trading on Monday. The company traded as low as C$0.38 and last traded at C$0.39. 570,251 shares traded hands during trading, a decline of 44% from the average daily volume of 1,025,970 shares. The stock had previously closed at C$0.40.
Southern Silver Exploration Price Performance
The stock’s 50 day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.59. The stock has a market cap of C$165.90 million, a P/E ratio of -13.17 and a beta of 2.76.
Insider Buying and Selling at Southern Silver Exploration
In other Southern Silver Exploration news, insider John Oness sold 100,000 shares of Southern Silver Exploration stock in a transaction dated Monday, September 28th. The stock was sold at an average price of C$0.60, for a total value of C$60,000.00. Following the sale, the insider owned 190,500 shares of the company’s stock, valued at C$114,300. This trade represents a 34.42% decrease in their position. Also, insider Robert William John Macdonald purchased 350,000 shares of the company’s stock in a transaction on Friday, September 4th. The stock was purchased at an average cost of C$0.62 per share, for a total transaction of C$217,000.00. Following the purchase, the insider directly owned 629,000 shares in the company, valued at approximately C$389,980. This trade represents a 125.45% increase in their ownership of the stock. Insiders sold a total of 225,000 shares of company stock worth $135,000 over the last ninety days. 25.66% of the stock is currently owned by insiders.
About Southern Silver Exploration
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.
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