First Andes Silver (CVE:FAS) Trading 25% Higher – Here’s Why

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

First Andes Silver Trading Up 25.0%

The stock’s fifty 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

(Get Free Report)

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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