Southern Silver Exploration (CVE:SSV) Stock Price Down 7.3%

Southern Silver Exploration Corp. (CVE:SSV) dropped 7.3% during mid-day trading on Friday . The company traded as low as C$0.25 and last traded at C$0.26. Approximately 101,471 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 217,746 shares. The stock had previously closed at C$0.28.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.60 price objective on shares of Southern Silver Exploration and gave the company a “buy” rating in a report on Friday, June 28th.

Southern Silver Exploration Trading Down 12.7 %

The firm’s 50-day moving average price is C$0.24 and its 200 day moving average price is C$0.22. The company has a market capitalization of C$73.67 million, a price-to-earnings ratio of -27.50 and a beta of 1.91.

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.