First Andes Silver (CVE:FAS) Trading 33.3% Higher – Here’s Why

First Andes Silver Ltd. (CVE:FAS)’s stock price traded up 33.3% during mid-day trading on Wednesday . The stock 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 Stock Up 33.3 %

The stock has a market cap of C$2.65 million, a price-to-earnings ratio of -0.57 and a beta of 1.65. The company’s 50-day moving average is C$0.06 and its 200-day moving average is 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.