Shares of Southern Silver Exploration Corp. (CVE:SSV – Get Free Report) traded down 2.5% during trading on Monday. The stock traded as low as C$0.38 and last traded at C$0.39. Approximately 570,251 shares were traded 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 Trading Down 2.5%
The stock has a market capitalization of C$161.70 million, a P/E ratio of -12.83 and a beta of 2.76. The stock’s fifty day moving average price is C$0.55 and its two-hundred day moving average price is C$0.59.
Insider Buying and Selling at Southern Silver Exploration
In related news, insider John Oness sold 100,000 shares of the stock in a transaction on Monday, September 28th. The shares were sold at an average price of C$0.60, for a total transaction of C$60,000.00. Following the transaction, the insider owned 190,500 shares of the company’s stock, valued at approximately C$114,300. This trade represents a 34.42% decrease in their position. Also, insider Robert William John Macdonald bought 350,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average price of C$0.62 per share, for a total transaction of C$217,000.00. Following the transaction, the insider owned 629,000 shares in the company, valued at C$389,980. This trade represents a 125.45% increase in their ownership of the stock. In the last ninety days, insiders have sold 225,000 shares of company stock worth $135,000. 25.66% of the stock is 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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