Silver One Resources (CVE:SVE) Shares Up 22.5% – What’s Next?

Silver One Resources Inc. (CVE:SVEGet Free Report)’s stock price rose 22.5% during mid-day trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 274,590 shares traded hands during 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 Performance

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

Silver One Resources Company Profile

(Get Free Report)

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.

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