First Andes Silver (CVE:FAS) Stock Price Up 25% – Time to Buy?

First Andes Silver Ltd. (CVE:FASGet Free Report) shot up 25% during trading on Monday . The stock traded as high as C$0.11 and last traded at C$0.10. 2,264,452 shares were traded during mid-day trading, an increase of 731% from the average session volume of 272,652 shares. The stock had previously closed at C$0.08.

First Andes Silver Stock Up 25.0%

The firm’s 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.09. The company has a market cap of C$6.80 million, a price-to-earnings ratio of -10.00 and a beta of 1.93.

First Andes Silver Company Profile

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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.

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