First Andes Silver (CVE:FAS) Shares Up 33.3% – Should You Buy?

Shares of First Andes Silver Ltd. (CVE:FAS) shot up 33.3% during trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. 108,000 shares were traded during mid-day trading, an increase of 63% from the average session volume of 66,071 shares. The stock had previously closed at C$0.06.

First Andes Silver Stock Performance

The firm’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.07. The stock has a market capitalization of C$2.65 million, a price-to-earnings ratio of -0.57 and a beta of 1.65.

First Andes Silver Company Profile

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.