Silver One Resources (CVE:SVE) Shares Up 22.5% – Still a Buy?

Silver One Resources Inc. (CVE:SVE)’s share price rose 22.5% during mid-day trading on Friday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 274,590 shares were traded during mid-day trading, an increase of 193% from the average daily volume of 93,867 shares. The stock had previously closed at C$0.20.

Silver One Resources Stock Up 22.5 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 79.52 and a quick ratio of 21.35. The firm has a market cap of C$65.88 million, a P/E ratio of -27.00 and a beta of 1.57. The firm’s 50-day moving average price is C$0.20 and its 200 day moving average price is C$0.25.

Silver One Resources Company Profile

Silver One Resources Inc, together with its subsidiary, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for silver deposits. Its flagship project, the Candelaria Silver Mine project, located in central west Nevada; and holds 100% interest in Cherokee project located in Nevada, as well as in the Phoenix silver property located near Globe, Arizona.