Southern Silver Exploration (CVE:SSV) Stock Price Down 5% – Here’s What Happened

Southern Silver Exploration Corp. (CVE:SSV) was down 5% during mid-day trading on Tuesday . The stock traded as low as C$0.29 and last traded at C$0.29. Approximately 74,648 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 217,962 shares. The stock had previously closed at C$0.30.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.60 price objective on shares of Southern Silver Exploration and gave the stock a “buy” rating in a report on Friday, June 28th.

Southern Silver Exploration Stock Down 5.0 %

The company has a market capitalization of C$87.83 million, a PE ratio of -28.50 and a beta of 1.95. The company has a 50-day moving average price of C$0.27 and a two-hundred day moving average price of C$0.25.

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.