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

First Andes Silver Ltd. (CVE:FAS)’s stock price rose 33.3% 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 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 Trading Up 33.3 %

The company has a market cap of C$2.65 million, a P/E ratio of -0.57 and a beta of 1.65. The business’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07.

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.