Southern Silver Exploration (CVE:SSV) Insider Robert William John Macdonald Buys 350,000 Shares

Southern Silver Exploration Corp. (CVE:SSV) insider Robert William John Macdonald acquired 350,000 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average price of C$0.62 per share, for a total transaction of C$217,000.00. Following the purchase, the insider directly owned 629,000 shares of the company’s stock, valued at approximately C$389,980. This trade represents a 125.45% increase in their ownership of the stock.

Southern Silver Exploration Price Performance

Shares of CVE:SSV opened at C$0.65 on Thursday. Southern Silver Exploration Corp. has a 12 month low of C$0.24 and a 12 month high of C$1.13. The stock has a market cap of C$270.67 million, a price-to-earnings ratio of -21.67 and a beta of 2.48. The stock’s 50 day moving average price is C$0.56 and its 200 day moving average price is C$0.56.

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. The company was formerly known as Newcoast Silver Mines Ltd. and changed its name to Southern Silver Exploration Corp.