Southern Silver Exploration (CVE:SSV) Trading Up 5% – Time to Buy?

Southern Silver Exploration Corp. (CVE:SSV)’s share price was up 5% on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 56,221 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 247,215 shares. The stock had previously closed at C$0.20.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.60 price objective on shares of Southern Silver Exploration and gave the company a “buy” rating in a research note on Tuesday, February 11th.

Southern Silver Exploration Stock Performance

The company’s 50 day moving average price is C$0.20 and its 200 day moving average price is C$0.24. The company has a market cap of C$64.98 million, a price-to-earnings ratio of -12.14 and a beta of 1.95.

Southern Silver Exploration Company Profile

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.