AbraSilver Resource (OTC:ABBRF) Shares Up 3.1% – What’s Next?

AbraSilver Resource Corp. (OTC:ABBRF) shares were up 3.1% on Tuesday . The stock traded as high as $4.85 and last traded at $4.73. Approximately 251,800 shares were traded during mid-day trading, an increase of 53% from the average daily volume of 164,794 shares. The stock had previously closed at $4.59.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. National Bankshares reiterated an “outperform” rating on shares of AbraSilver Resource in a research report on Tuesday, June 24th. Raymond James Financial reaffirmed an “outperform” rating on shares of AbraSilver Resource in a report on Wednesday, July 30th. Finally, Scotiabank reissued an “outperform” rating on shares of AbraSilver Resource in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

AbraSilver Resource Stock Performance

The stock’s 50 day moving average is $4.13 and its two-hundred day moving average is $3.04.

AbraSilver Resource Company Profile

AbraSilver Resource Corp. operates as an exploration company in Argentina, Chile, and Canada. It primarily explores for silver, gold, and copper. It holds interest in the Diablillos property located in the Salta province of northwestern Argentina; and the Aguas Perdidas project located in Chubut Province, Argentina.