Shares of Southern Silver Exploration Corp (CVE:SSV) were down 18.8% during trading on Friday . The company traded as low as C$0.20 and last traded at C$0.20, approximately 473,210 shares changed hands during trading. An increase of 620% from the average daily volume of 65,731 shares. The stock had previously closed at C$0.24.
Separately, Fundamental Research dropped their price target on shares of Southern Silver Exploration from C$0.58 to C$0.52 and set a “top pick” rating on the stock in a research note on Wednesday, June 12th.
The stock has a fifty day moving average of C$0.17. The stock has a market capitalization of $16.43 million and a price-to-earnings ratio of -7.86.
Southern Silver Exploration Corp., an exploration stage company, engages in the acquisition, exploration, and development of precious/base metal properties in North America. It explores for gold, silver, copper, lead, and zinc ores. The company's flagship property is the Cerro Las Minitas that comprises 25 concessions totaling approximately 34,415 hectares, which is located in Durango State, Mexico.
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