Southern Silver Exploration Corp. V.SSV

Trading Halt - News Coming

[mainerisk]

IIROC Trading Halt - SSV

V.SSV | 1 hour ago

VANCOUVER, BC, Aug. 29, 2022 /CNW/ - The following issues have been halted by IIROC:

Company: Southern Silver Exploration Corp.

TSX-Venture Symbol: SSV

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 10:27 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions

 

 View original content: https://www.newswire.ca/en/releases/archive/August2022/29/c1313.html

[Heywood_Silvers]

These trading halts are usually not necessary.  I understand if it is a buyout or some other fundamental change to the potential status of share ownership.  However, too many companies utilize these halts to publish assay results which the market more or less shrugs off anyways. If these are just assay results, the timing is not too great given the general markets are in free-fall right

[mainerisk]

Halt reports net income from mining would be 349,000,000. Market cap is around 40,000,00 or 9 times the value. And the stock prices drops?  Great minds trading stocks these days. 

[Heywood_Silvers]

Long story short, the PEA release did not warrant a trading halt.  It's not like the IRR was an unbelievable 50% or something crazy like that.