First Andes Silver (CVE:FAS) Shares Up 33.3% – Still a Buy?

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

First Andes Silver Stock Performance

The company has a 50 day moving average of C$0.06 and a two-hundred day moving average of C$0.07. The stock has a market cap of C$2.65 million, a PE 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.