First Andes Silver (CVE:FAS) Stock Price Up 28.6% – Here’s What Happened

First Andes Silver Ltd. (CVE:FAS)’s stock price was 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. Approximately 245,000 shares traded hands during mid-day trading, an increase of 235% from the average daily volume of 73,058 shares. The stock had previously closed at C$0.07.

First Andes Silver Price Performance

The stock has a market capitalization of C$3.32 million, a P/E ratio of -0.71 and a beta of 1.65. The stock’s fifty day moving average is C$0.05 and its 200-day moving average is C$0.07.

About First Andes Silver

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.