Silver One Resources (CVE:SVE) Trading 22.5% Higher – Should You Buy?

Shares of Silver One Resources Inc. (CVE:SVEGet Free Report) shot up 22.5% on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. 274,590 shares changed hands during 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 Trading Up 22.5 %

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

Silver One Resources Company Profile

(Get Free Report)

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.

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