Silver One Resources (CVE:SVE) Trading 22.5% Higher – Here’s Why

Silver One Resources Inc. (CVE:SVEGet Free Report)’s stock price was up 22.5% on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 274,590 shares changed hands during trading, an increase of 193% from the average daily volume of 93,867 shares. The stock had previously closed at C$0.20.

Silver One Resources Price Performance

The firm’s fifty day simple moving average is C$0.20 and its 200-day simple moving average is C$0.25. The firm has a market capitalization of C$65.88 million, a PE ratio of -27.00 and a beta of 1.57. The company has a quick ratio of 21.35, a current ratio of 79.52 and a debt-to-equity ratio of 0.04.

About Silver One Resources

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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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