First Andes Silver (CVE:FAS) Trading 33.3% Higher – Time to Buy?

First Andes Silver Ltd. (CVE:FAS) shot up 33.3% during trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 108,000 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 66,071 shares. The stock had previously closed at C$0.06.

First Andes Silver Price Performance

The company has a market cap of C$2.65 million, a P/E ratio of -0.57 and a beta of 1.65. The stock has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.07.

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.