Southern Silver Exploration (CVE:SSV) Stock Price Down 5.5% – Here’s What Happened

Southern Silver Exploration Corp. (CVE:SSV) traded down 5.5% on Thursday . The company traded as low as C$0.60 and last traded at C$0.60. 92,288 shares traded hands during trading, a decline of 93% from the average session volume of 1,408,503 shares. The stock had previously closed at C$0.64.

Southern Silver Exploration Price Performance

The stock has a market capitalization of C$253.12 million, a PE ratio of -20.67 and a beta of 2.65. The firm’s 50 day simple moving average is C$0.57 and its 200 day simple moving average is C$0.61.

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. The company was formerly known as Newcoast Silver Mines Ltd. and changed its name to Southern Silver Exploration Corp.