Silver One Resources (CVE:SVE) Trading Down 9.8% – Time to Sell?

Silver One Resources Inc. (CVE:SVEGet Free Report)’s share price dropped 9.8% during trading on Friday . The stock traded as low as C$0.42 and last traded at C$0.42. Approximately 152,860 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 556,117 shares. The stock had previously closed at C$0.46.

Silver One Resources Price Performance

The firm has a 50-day moving average price of C$0.51 and a 200 day moving average price of C$0.57. The company has a market cap of C$148.27 million, a price-to-earnings ratio of -42.00 and a beta of 2.20.

About Silver One Resources

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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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