NEW YORK (

TheStreet

) --

Silver Standard Resources

(Nasdaq:

SSRI

) hit a new 52-week high Wednesday as it traded at $30.54 compared with its previous 52-Week high of $30.47. Silver Standard is changing hands at $30.49 with 201,247 shares traded as of 10:02 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Silver Standard has a market cap of $2.3 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 6.6% year to date as of the close of trading on Tuesday.

Silver Standard Resources Inc. engages in the exploration, development, and production of mineral resource properties in Argentina, Australia, Canada, Chile, Mexico, Peru, and the United States. The company primarily explores for silver, gold, tin, zinc, lead, and copper deposits.

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TheStreet Ratings rates Silver Standard as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Silver Standard Ratings Report

.

See all

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