First Andes Silver (CVE:FAS) Stock Price Up 33.3% – What’s Next?

First Andes Silver Ltd. (CVE:FAS)’s stock price rose 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 108,000 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 66,071 shares. The stock had previously closed at C$0.06.

First Andes Silver Stock Performance

The business has a 50 day simple moving average of C$0.06 and a 200-day simple moving average of C$0.07. The stock has a market capitalization of C$2.65 million, a price-to-earnings ratio of -0.57 and a beta of 1.65.

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.