First Andes Silver (CVE:FAS) Trading 28.6% Higher – Here’s Why

First Andes Silver Ltd. (CVE:FASGet Free Report) shot up 28.6% during mid-day trading on Thursday . The company traded as high as C$0.09 and last traded at C$0.09. 245,000 shares were traded during mid-day trading, an increase of 235% from the average session volume of 73,058 shares. The stock had previously closed at C$0.07.

First Andes Silver Stock Performance

The company has a market cap of C$2.99 million, a price-to-earnings ratio of -0.64 and a beta of 1.65. The company’s 50 day moving average price is C$0.05 and its 200 day moving average price is C$0.07.

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.

Further Reading

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