First Andes Silver (CVE:FAS) Shares Down 27.3% – What’s Next?

First Andes Silver Ltd. (CVE:FAS) shares dropped 27.3% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 653,000 shares traded hands during trading, an increase of 1,838% from the average daily volume of 33,703 shares. The stock had previously closed at C$0.06.

First Andes Silver Trading Down 27.3 %

The firm has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.11. The company has a market capitalization of C$1.33 million, a price-to-earnings ratio of -0.29 and a beta of 1.65.

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.