First Andes Silver Ltd. (CVE:FAS – Get Free Report) shares shot up 28.6% on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. 245,000 shares traded hands during mid-day trading, an increase of 235% from the average session volume of 73,058 shares. The stock had previously closed at C$0.07.
First Andes Silver Price Performance
The firm’s 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.07. The company has a market cap of C$3.32 million, a price-to-earnings ratio of -0.71 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.
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