AbraSilver Resource (OTC:ABBRF) Stock Price Up 2.6% – Time to Buy?

AbraSilver Resource Corp. (OTC:ABBRF)’s stock price traded up 2.6% on Friday . The company traded as high as $13.10 and last traded at $12.92. 462,371 shares changed hands during trading, an increase of 77% from the average session volume of 260,668 shares. The stock had previously closed at $12.5920.

Analyst Ratings Changes

Several research analysts recently commented on the company. Raymond James Financial reissued an “outperform” rating on shares of AbraSilver Resource in a research note on Wednesday, January 14th. Scotiabank reissued an “outperform” rating on shares of AbraSilver Resource in a research report on Monday, January 26th. Finally, TD Securities initiated coverage on AbraSilver Resource in a research report on Monday, February 9th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

AbraSilver Resource Stock Performance

The firm has a 50 day moving average price of $9.36 and a two-hundred day moving average price of $6.61.

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.