Southern Silver Exploration (CVE:SSV) Receives Price Target of C$0.71 from Fundamental Research

Southern Silver Exploration (CVE:SSV) was recently assigned a price target of C$0.71 by analysts at Fundamental Research in a report sent to their clients and investors. This rating indicates that the firm holds a "buy" recommendation for the stock. The proposed price target suggests a substantial potential upside of 167.92% based on the stock's last closing price.

Recent Performance of Southern Silver Exploration

On the trading day following the report, CVE SSV opened at C$0.27. The company is valued at approximately C$81.99 million in market capitalization and has a PE ratio of -15.32, indicating that it is not currently profitable. The stock also has a beta of 1.95, which suggests that it is quite volatile in comparison to the overall market. The simple moving averages for the stock over the past 50 days and 200 days stand at C$0.21 and C$0.24, respectively. Over the last year, the stock has experienced a low of C$0.16 and a high of C$0.34.

Company Overview: Southern Silver Exploration

Southern Silver Exploration Corp. is an exploration-stage company focused on acquiring, exploring, and developing precious and base metal properties throughout North America. The firm primarily explores for ores such as gold, silver, copper, lead, and zinc. Its notable asset is the Cerro Las Minitas project, which consists of twenty-five mineral concessions spread across approximately 27,422 hectares located in the Durango State of Mexico.

Market Insights and Additional Information

Investors looking for opportunities in the resource sector may find Southern Silver Exploration to be an intriguing prospect, especially with the recent bullish outlook from Fundamental Research. However, potential investors are advised to conduct thorough research and consider market trends before making investment decisions.

Southern, Silver, Exploration