Silver Standard Resources (SSRI) was a big mover last session, as its shares rose nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $7.90 to $9.21 in the past one-month timeframe.
In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Silver Standard Resources currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other well-performing stocks in the silver mining industry include Coeur Mining, Inc. (CDE), Fortuna Silver Mines Inc. (FSM) and MAG Silver Corp. (MVG). All three carry the same Zacks Rank as Silver Standard Resources.
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