Southern Silver Exploration (CVE:SSV) Hits New 1-Year High – Time to Buy?

Shares of Southern Silver Exploration Corp. (CVE:SSV) hit a new 52-week high during trading on Monday . The stock traded as high as C$0.72 and last traded at C$0.68, with a volume of 2122152 shares traded. The stock had previously closed at C$0.65.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.87 price objective on Southern Silver Exploration and gave the stock a “buy” rating in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$0.87.

Southern Silver Exploration Trading Up 4.6%

The stock’s 50-day moving average is C$0.46 and its 200-day moving average is C$0.34. The stock has a market cap of C$274.08 million, a price-to-earnings ratio of -22.67 and a beta of 2.05.

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.