Silver Standard Resources (SSRI) has been under a strong bear grip, hence the stock is down -0.69% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.52% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.45% in the last 1 week, and is up 2.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.55% and the 50-Day Moving Average is 17.13%. Silver Standard Resources Inc. is up 48.46% in the last 3-month period. Year-to-Date the stock performance stands at 169.11%.
Silver Standard Resources (NASDAQ:SSRI): stock turned positive on Friday. Though the stock opened at $13.77, the bulls momentum made the stock top out at $14.16 level for the day. The stock recorded a low of $13.65 and closed the trading day at $13.94, in the green by 2.88%. The total traded volume for the day was 1,780,058. The stock had closed at $13.55 in the previous days trading.
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.