First Andes Silver (CVE:FAS) Trading 56.3% Higher – Should You Buy?

First Andes Silver Ltd. (CVE:FAS)’s stock price rose 56.3% during trading on Thursday . The company traded as high as C$0.16 and last traded at C$0.13. Approximately 4,815,313 shares were traded during mid-day trading, an increase of 4,103% from the average daily volume of 114,577 shares. The stock had previously closed at C$0.08.

First Andes Silver Stock Performance

The firm has a market cap of C$4.15 million, a P/E ratio of -0.89 and a beta of 1.65. The business’s 50-day simple moving average is C$0.09 and its 200 day simple moving average is C$0.07.

First Andes Silver Company Profile

First Andes Silver Ltd., an exploration stage company, engages in the exploration of mineral properties in Peru. It explores for silver and gold properties. The company holds 100% interest in the Santas Gloria silver property covering an area of approximately 1,100 hectares located in Peru. The company was formerly known as Mantaro Precious Metals Corp.