Shares of Silver Viper Minerals Corp. (CVE:VIPR) experienced a significant drop of 13% during trading on Tuesday, closing at C$1.88 after reaching a low of C$1.83. This decline comes as approximately 233,539 shares changed hands, marking a 40% decrease from the average daily trading volume of 388,918 shares. The stock had previously closed at C$2.16, raising concerns among investors about the company’s recent performance.
The market capitalization of Silver Viper Minerals stands at C$128.73 million, with a price-to-earnings (P/E) ratio of -9.84 and a beta of 3.21. The stock’s fifty-day moving average is currently C$1.40, while the two-hundred-day moving average is C$0.93. These figures suggest a volatile trading environment, prompting investors to reassess their positions.
Company Profile and Operations
Silver Viper Minerals Corp. is engaged in the acquisition and exploration of mineral properties primarily in Mexico. The company focuses on exploring gold and silver deposits and holds interests in the La Virginia gold-silver project. This project includes six mineral concessions that collectively cover an area of 35,600 hectares located in Sonora, Mexico. Since its incorporation in 2016, the company has established its headquarters in Vancouver, Canada.
Investors are encouraged to monitor the stock’s performance closely, especially given its current volatility and the broader market conditions affecting mining companies. As trading resumes, analysts will likely scrutinize any further developments related to Silver Viper Minerals and its exploration activities.
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