AbraSilver Resource (OTCMKTS:ABBRF) Trading Down 7.8% – What’s Next?

AbraSilver Resource Corp. (OTCMKTS:ABBRF) fell 7.8% during mid-day trading on Thursday . The stock traded as low as $9.4320 and last traded at $9.6140. 428,889 shares changed hands during mid-day trading, an increase of 85% from the average daily volume of 231,221 shares. The stock had previously closed at $10.43.

Analyst Ratings Changes

Separately, Scotiabank restated an “outperform” rating on shares of AbraSilver Resource in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

AbraSilver Resource Price Performance

The stock’s fifty day moving average is $11.83 and its two-hundred day moving average is $10.00.

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.