Silver Viper Minerals Corp. (CVE:VIPR) experienced a significant decline in its stock price on Tuesday, falling by 13% during trading. The shares reached a low of C$1.83 before closing at C$1.88. This drop was accompanied by a trading volume of approximately 291,811 shares, marking a decrease of 28% from the average daily volume of 406,334 shares. The stock had previously closed at C$2.16.
The market capitalization of Silver Viper Minerals stands at C$127.36 million, with a price-to-earnings ratio of -9.74 and a beta of 3.21. The company’s 50-day moving average is C$1.40, while the two-hundred day moving average is C$0.93. These figures indicate volatility and a fluctuating performance in the market.
Overview of Silver Viper Minerals
Founded in 2016 and headquartered in Vancouver, Canada, Silver Viper Minerals engages in the acquisition and exploration of mineral properties primarily in Mexico. The company focuses on gold and silver deposits and holds interests in the La Virginia gold-silver project, which consists of six mineral concessions spanning an area of 35,600 hectares located in Sonora, Mexico.
The recent stock price drop reflects broader market trends and investor sentiment towards the mining sector. As Silver Viper continues to explore its properties, the market will be watching closely for updates on its operations and any potential impacts on its financial performance.
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