Southern Silver Exploration Corp. (CVE:SSV) Senior Officer Buys C$23,000.00 in Stock

Southern Silver Exploration Corp. (CVE:SSV) Senior Officer Robert William John Macdonald acquired 100,000 shares of Southern Silver Exploration stock in a transaction dated Monday, March 31st. The shares were purchased at an average price of C$0.23 per share, with a total value of C$23,000.00.

Southern Silver Exploration Stock Down 12.2 %

Southern Silver Exploration stock traded down C$0.03 during trading hours on Friday, reaching C$0.18. 594,486 shares of the company’s stock were exchanged, compared to its average volume of 293,077. Southern Silver Exploration Corp. has a twelve month low of C$0.17 and a twelve month high of C$0.34. The firm’s 50 day simple moving average is C$0.23 and its 200 day simple moving average is C$0.23. The firm has a market capitalization of C$55.69 million, a PE ratio of -10.41 and a beta of 1.95.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.71 price objective on Southern Silver Exploration and gave the stock a “buy” rating in a research note on Tuesday, March 18th.

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.