Silver Standard Resources (SSRI) has risen sharply, recording gains of 9.98% in the past 4 weeks. However, the stock has corrected -7.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.02% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Silver Standard Resources (NASDAQ:SSRI): The stock opened at $13.34 on Friday but the bulls could not build on the opening and the stock topped out at $13.34 for the day. The stock traded down to $13.00 during the day, due to lack of any buying support eventually closed down at $13.22 with a loss of -1.78% for the day. The stock had closed at $13.46 on the previous day. The total traded volume was 1,302,218 shares.
The stock has recorded a 20-day Moving Average of 2.58% and the 50-Day Moving Average is 14.74%. Silver Standard Resources Inc. is up 58.32% in the last 3-month period. Year-to-Date the stock performance stands at 155.21%.
Silver Standard Resources Inc. is a resource company. The Company is focused on the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties. As of February 18, 2015, the Company had two producing mines and a portfolio of silver resource dominant projects located throughout the Americas. The Company is primarily focused on silver production from the Pirquitas mine in Argentina, and gold production from the Marigold mine in Nevada, the United States. The Companys development projects include San Lius, Peru; Pitarrilla, Mexico, and Diablillos, Argentina. Its exploration projects consist of Berenguela, Peru; Candelaria, the United States; Maverick Springs, the United States; San Marcial, Mexico; Sunrise Lake, Canada, and Parral Mining District, Mexico.