Silver Elephant Mining (OTCMKTS:SILEF) Trading 9.2% Higher – Still a Buy?

Silver Elephant Mining Corp. (OTCMKTS:SILEFGet Free Report) shot up 9.2% during trading on Tuesday . The stock traded as high as $0.2431 and last traded at $0.2421. 145,638 shares traded hands during mid-day trading, an increase of 113% from the average session volume of 68,312 shares. The stock had previously closed at $0.2217.

Silver Elephant Mining Stock Performance

The firm’s 50 day moving average price is $0.22 and its two-hundred day moving average price is $0.18.

About Silver Elephant Mining

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Silver Elephant Mining Corp. (OTCMKTS:SILEF) is a mineral exploration and development company focused on advancing its flagship Pulacayo silver–lead–zinc project in the historic Potosí mining district of southern Bolivia. The company’s primary objective is to bring Pulacayo into production, leveraging a resource base that ranks among the highest-grade undeveloped silver deposits globally. Alongside resource definition and permitting activities, Silver Elephant is engaged in engineering studies designed to optimize mine planning, metallurgical recovery and capital efficiencies.

Headquartered in Vancouver, British Columbia, Silver Elephant maintains technical and corporate offices in La Paz and Potosí, facilitating close collaboration with Bolivian government authorities, local communities and service providers.

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