First Andes Silver (CVE:FAS) Stock Price Up 33.3% – Should You Buy?

First Andes Silver Ltd. (CVE:FAS) rose 33.3% during trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 108,000 shares changed 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 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.07. The company has a market capitalization of C$2.65 million, a P/E 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.