First Andes Silver (CVE:FAS) Trading 33.3% Higher – Here’s Why

First Andes Silver Ltd. (CVE:FASGet Free Report) 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 traded 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 market cap of C$2.65 million, a price-to-earnings ratio of -0.57 and a beta of 1.65. The company’s fifty day moving average price is C$0.06 and its two-hundred day moving average price is C$0.07.

About First Andes Silver

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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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