AbraSilver Resource (OTCMKTS:ABBRF) Shares Down 4.5% – Here’s What Happened

AbraSilver Resource Corp. (OTCMKTS:ABBRF)’s share price was down 4.5% during trading on Wednesday . The company traded as low as $11.71 and last traded at $11.80. Approximately 60,220 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 236,721 shares. The stock had previously closed at $12.3565.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ABBRF shares. Scotiabank reissued an “outperform” rating on shares of AbraSilver Resource in a report on Thursday, May 7th. TD Securities started coverage on AbraSilver Resource in a report on Monday, February 9th. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, AbraSilver Resource has a consensus rating of “Buy”.

AbraSilver Resource Price Performance

The business has a fifty day simple moving average of $10.92 and a 200 day simple moving average of $9.32.

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.