Southern Silver Exploration (CVE:SSV) Stock Price Up 11.1% – Should You Buy?

Shares of Southern Silver Exploration Corp. (CVE:SSVGet Free Report) rose 11.1% during trading on Tuesday . The stock traded as high as C$0.50 and last traded at C$0.50. 613,071 shares traded hands during trading, a decline of 50% from the average daily volume of 1,220,379 shares. The stock had previously closed at C$0.45.

Southern Silver Exploration Stock Performance

The stock has a market capitalization of C$210.25 million, a P/E ratio of -17.00 and a beta of 2.51. The company’s fifty day simple moving average is C$0.50 and its two-hundred day simple moving average is C$0.61.

About Southern Silver Exploration

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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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