Southern Silver Exploration (CVE:SSV) Trading Down 14.3% – Here’s Why

Southern Silver Exploration Corp. (CVE:SSV)’s stock price fell 14.3% during trading on Thursday . The stock traded as low as C$0.72 and last traded at C$0.72. 860,027 shares traded hands during trading, a decline of 58% from the average session volume of 2,060,587 shares. The stock had previously closed at C$0.84.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$0.87 price target 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.com, Southern Silver Exploration currently has an average rating of “Buy” and a consensus price target of C$0.87.

Southern Silver Exploration Trading Down 16.7%

The firm’s 50-day simple moving average is C$0.72 and its 200 day simple moving average is C$0.45. The stock has a market cap of C$282.14 million, a P/E ratio of -23.33 and a beta of 2.49.

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.