AbraSilver Resource (OTC:ABBRF) Shares Down 6.9% – Should You Sell?

AbraSilver Resource Corp. (OTC:ABBRF)’s stock price was down 6.9% on Wednesday . The stock traded as low as $4.11 and last traded at $4.13. Approximately 316,325 shares traded hands during trading, an increase of 80% from the average daily volume of 175,775 shares. The stock had previously closed at $4.44.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of AbraSilver Resource in a research report on Wednesday, July 30th. Scotiabank restated an “outperform” rating on shares of AbraSilver Resource in a research note on Wednesday, July 30th. Finally, National Bankshares reiterated an “outperform” rating on shares of AbraSilver Resource in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, AbraSilver Resource presently has a consensus rating of “Buy”.

AbraSilver Resource Price Performance

The business’s fifty day simple moving average is $4.28 and its 200 day simple moving average is $3.27.

About AbraSilver Resource

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.