Silver One Resources (CVE:SVE) Trading Down 7.9% – Here’s Why

Silver One Resources Inc. (CVE:SVEGet Free Report) shares traded down 7.9% during trading on Thursday . The company traded as low as C$0.58 and last traded at C$0.58. 222,128 shares changed hands during trading, a decline of 49% from the average session volume of 438,616 shares. The stock had previously closed at C$0.63.

Silver One Resources Price Performance

The stock has a market cap of C$177.28 million, a P/E ratio of -35.00 and a beta of 1.57. The firm’s fifty day moving average price is C$0.46 and its two-hundred day moving average price is C$0.39.

Silver One Resources Company Profile

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Silver One Resources Inc, together with its subsidiary, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for silver deposits. Its flagship project, the Candelaria Silver Mine project, located in central west Nevada; and holds 100% interest in Cherokee project located in Nevada, as well as in the Phoenix silver property located near Globe, Arizona. The company was formerly known as BRS Ventures Ltd. and changed its name to Silver One Resources Inc in September 2016.

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