Silver Bull Resources (TSE:SVB) Trading Down 86.4% – Here’s Why

Silver Bull Resources, Inc. (TSE:SVBGet Free Report) dropped 86.4% on Monday . The company traded as low as C$0.08 and last traded at C$0.11. Approximately 2,753,992 shares were traded during mid-day trading, an increase of 2,632% from the average daily volume of 100,787 shares. The stock had previously closed at C$0.81.

Silver Bull Resources Price Performance

The company has a market capitalization of C$6.41 million, a P/E ratio of -0.46 and a beta of 1.22. The stock’s 50 day simple moving average is C$0.46 and its two-hundred day simple moving average is C$0.37.

About Silver Bull Resources

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Silver Bull Resources Inc is an exploration stage company engaged in acquiring and developing mineral properties. The company holds interests in various property concessions in Mexico within a mining district known as the Sierra Mojada District. The main project of the company is the Sierra Mojada Project. Its geographical segments are Mexico, Canada, and others.

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