Key Points
- Insider purchase: Robert William John Macdonald bought 350,000 Southern Silver Exploration shares at an average price of C$0.62, investing C$217,000 and increasing his holdings by 125.45% to 629,000 shares.
- Stock performance: Southern Silver shares opened at C$0.65, with a 12-month range of C$0.24 to C$1.13 and a market capitalization of approximately C$270.67 million.
- Business focus: The exploration-stage company develops precious- and base-metal properties in North America, including its flagship Cerro Las Minitas project in Durango, Mexico.
Southern Silver Exploration Corp. (CVE:SSV - Get Free Report) insider Robert William John Macdonald purchased 350,000 shares of the company's stock in a transaction on Friday, September 4th. The stock was acquired at an average price of C$0.62 per share, for a total transaction of C$217,000.00. Following the completion of the transaction, the insider owned 629,000 shares of the company's stock, valued at C$389,980. This represents a 125.45% increase in their position.
Southern Silver Exploration Stock Performance
Shares of CVE SSV opened at C$0.65 on Thursday. Southern Silver Exploration Corp. has a twelve month low of C$0.24 and a twelve month high of C$1.13. The firm has a 50-day moving average of C$0.56 and a two-hundred day moving average of C$0.56. The company has a market capitalization of C$270.67 million, a price-to-earnings ratio of -21.67 and a beta of 2.48.
Southern Silver Exploration Company Profile
(
Get Free Report)
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.
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