First Andes Silver (CVE:FAS) Stock Price Up 7.1% – Should You Buy?

First Andes Silver Ltd. (CVE:FAS) rose 7.1% during trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 228,000 shares were traded during mid-day trading, an increase of 218% from the average daily volume of 71,635 shares. The stock had previously closed at C$0.07.

First Andes Silver Price Performance

The stock’s fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.07. The stock has a market capitalization of C$3.32 million, a P/E ratio of -0.71 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.