AbraSilver Resource Corp. (OTC:ABBRF – Get Rating) shares dropped 4.5% during trading on Wednesday . The stock traded as low as $0.22 and last traded at $0.22. Approximately 284,405 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 400,921 shares. The stock had previously closed at $0.23.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial decreased their price objective on AbraSilver Resource from C$0.60 to C$0.55 in a report on Wednesday, December 7th.

AbraSilver Resource Stock Down 4.5 %

The company has a fifty day moving average price of $0.25 and a 200 day moving average price of $0.28.

About AbraSilver Resource

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AbraSilver Resource Corp. operates as a precious metals exploration company in Argentina, Chile, and Canada. It primarily explores for copper, gold, and silver ores. It holds 100% interests in the Diablillos property that covers an area of approximately 79 square kilometers located in the Salta province of northwestern Argentina; and the Aguas Perdidas property covering an area of 6,300 ha in Chubut Province, Argentina.

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