Silver One Resources (CVE:SVE) Trading 22.5% Higher – Still a Buy?

Shares of Silver One Resources Inc. (CVE:SVEGet Free Report) were up 22.5% during mid-day trading 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 mid-day trading, an increase of 195% from the average daily volume of 92,938 shares. The stock had previously closed at C$0.20.

Silver One Resources Trading Up 22.5 %

The stock has a fifty day simple moving average of C$0.20 and a 200 day simple moving average of C$0.25. The firm has a market capitalization of C$65.88 million, a P/E 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.

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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