AbraSilver Resource (OTC:ABBRF) Stock Price Up 3.3% – Time to Buy?

AbraSilver Resource Corp. (OTC:ABBRF) shares traded up 3.3% on Wednesday . The company traded as high as $8.85 and last traded at $8.57. 262,945 shares traded hands during trading, an increase of 30% from the average session volume of 202,338 shares. The stock had previously closed at $8.30.

Analysts Set New Price Targets

ABBRF has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating on shares of AbraSilver Resource in a research report on Wednesday. National Bankshares restated an “outperform” rating on shares of AbraSilver Resource in a research note on Thursday, October 23rd. Finally, Scotiabank restated an “outperform” rating on shares of AbraSilver Resource in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

AbraSilver Resource Trading Up 3.3%

The stock’s fifty day simple moving average is $6.87 and its 200-day simple moving average is $5.26.

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. 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.