Silver One Resources (CVE:SVE) Trading Up 22.5% – What’s Next?

Silver One Resources Inc. (CVE:SVE) shot up 22.5% during mid-day trading on Friday . The stock traded as high as C$0.25 and last traded at C$0.25. 274,590 shares were traded during mid-day trading, an increase of 193% from the average session volume of 93,867 shares. The stock had previously closed at C$0.20.

Silver One Resources Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.35 and a current ratio of 79.52. The stock has a 50 day moving average of C$0.20 and a 200 day moving average of C$0.25. The stock has a market capitalization of C$65.88 million, a P/E ratio of -27.00 and a beta of 1.57.

Silver One Resources Company Profile

Silver One Resources Inc, together with its subsidiary, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for silver deposits. Its flagship project, the Candelaria Silver Mine project, located in central west Nevada; and holds 100% interest in Cherokee project located in Nevada, as well as in the Phoenix silver property located near Globe, Arizona.