First Andes Silver (CVE:FAS) Shares Up 33.3% – Here’s Why

First Andes Silver Ltd. (CVE:FAS)’s stock price rose 33.3% during mid-day trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 108,000 shares traded hands during 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 company has a fifty 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.

About First Andes Silver

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.