Southern Silver Exploration (CVE:SSV) Trading 25.5% Higher – Time to Buy?

Southern Silver Exploration Corp. (CVE:SSV)’s stock price shot up 25.5% during trading on Monday . The stock traded as high as C$0.61 and last traded at C$0.59. 2,851,368 shares traded hands during trading, an increase of 220% from the average session volume of 891,088 shares. The stock had previously closed at C$0.47.

Analysts Set New Price Targets

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

Southern Silver Exploration Stock Up 14.9%

The stock has a market capitalization of C$208.78 million, a price-to-earnings ratio of -27.00 and a beta of 2.13. The company’s fifty day simple moving average is C$0.38 and its 200 day simple moving average is C$0.29.

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.