Silver One Resources (CVE:SVE) Stock Price Up 22.5% – Should You Buy?

Silver One Resources Inc. (CVE:SVEGet Free Report)’s share price 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 were traded during mid-day 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 Price Performance

The stock’s 50-day moving average is C$0.20 and its two-hundred day moving average is C$0.25. The company has a market capitalization of C$71.26 million, a PE ratio of -27.00 and a beta of 1.57. The company has a current ratio of 79.52, a quick ratio of 21.35 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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