Southern Silver Exploration (CVE:SSV) Trading 10% Higher – Time to Buy?

Southern Silver Exploration Corp. (CVE:SSV) shot up 10% during trading on Tuesday . The company traded as high as C$0.22 and last traded at C$0.22. 466,379 shares traded hands during mid-day trading, an increase of 107% from the average session volume of 225,601 shares. The stock had previously closed at C$0.20.

Southern Silver Exploration Trading Up 10.0 %

The stock has a market capitalization of C$67.80 million, a price-to-earnings ratio of -22.00 and a beta of 1.95. The company’s 50 day moving average is C$0.27 and its 200 day moving average is C$0.26.

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.