AbraSilver Resource (OTC:ABBRF) Shares Down 11.1% – Here’s What Happened

AbraSilver Resource Corp. (OTC:ABBRF) shares fell 11.1% during mid-day trading on Thursday . The company traded as low as $8.90 and last traded at $8.9042. 235,978 shares were traded during trading, a decline of 13% from the average session volume of 271,695 shares. The stock had previously closed at $10.0180.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ABBRF shares. Scotiabank reissued an “outperform” rating on shares of AbraSilver Resource in a research report on Monday, January 26th. National Bankshares reissued an “outperform” rating on shares of AbraSilver Resource in a research report on Thursday, October 23rd. Finally, Raymond James Financial reissued an “outperform” rating on shares of AbraSilver Resource in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

AbraSilver Resource Price Performance

The firm has a 50-day moving average of $8.17 and a 200 day moving average of $5.84.

About AbraSilver Resource

AbraSilver Resource Corp. operates as an exploration company in Argentina, Chile, and Canada. It primarily explores for silver, gold, and copper. It holds interest in the Diablillos property located in the Salta province of northwestern Argentina; and the Aguas Perdidas project located in Chubut Province, Argentina. It also has an option agreement to acquire a 100% interest in the La Coipita project in San Juan province, Argentina. The company was formerly known as AbraPlata Resource Corp. and changed its name to AbraSilver Resource Corp.