AbraSilver Resource (OTC:ABBRF) Shares Up 0.8% – What’s Next?

AbraSilver Resource Corp. (OTC:ABBRF)’s stock price rose 0.8% during trading on Tuesday . The company traded as high as $7.8080 and last traded at $7.6165. Approximately 210,482 shares changed hands during trading, an increase of 10% from the average daily volume of 191,115 shares. The stock had previously closed at $7.5550.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ABBRF shares. National Bankshares reiterated an “outperform” rating on shares of AbraSilver Resource in a research report on Thursday, October 23rd. Scotiabank reaffirmed an “outperform” rating on shares of AbraSilver Resource in a report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

AbraSilver Resource Stock Up 0.8%

The stock has a 50 day simple moving average of $5.76 and a 200-day simple moving average of $4.75.

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. It also has an option agreement to acquire a 100% interest in the La Coipita project in San Juan province, Argentina. The company was formerly known as AbraPlata Resource Corp. and changed its name to AbraSilver Resource Corp.