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

First Andes Silver Ltd. (CVE:FAS) was up 33.3% on Tuesday . 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 Up 33.3 %

The company has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average 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.

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.