Southern Silver Exploration (CVE:SSV) Shares Down 15.2% – Time to Sell?

Shares of Southern Silver Exploration Corp. (CVE:SSV) were down 15.2% during trading on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 2,763,799 shares were traded during mid-day trading, an increase of 872% from the average daily volume of 284,336 shares. The stock had previously closed at C$0.23.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.71 price target on shares of Southern Silver Exploration and gave the stock a “buy” rating in a research note on Tuesday, March 18th.

Southern Silver Exploration Trading Down 15.2%

The company has a market cap of C$60.34 million, a PE ratio of -11.28 and a beta of 1.95. The company has a fifty day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.22.

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.