First Andes Silver (CVE:FAS) Shares Up 28.6% – Here’s Why

First Andes Silver Ltd. (CVE:FAS) rose 28.6% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 245,000 shares changed hands during 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 Stock Up 11.1 %

The stock has a market cap of C$3.32 million, a P/E ratio of -0.71 and a beta of 1.65. The business’s 50-day simple moving average is C$0.05 and its two-hundred day simple 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.