Silver One Resources (CVE:SVE) Trading 5.6% Higher – Here’s What Happened

Silver One Resources Inc. (CVE:SVE) shot up 5.6% during mid-day trading on Tuesday . The company traded as high as C$0.60 and last traded at C$0.57. 665,042 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 794,386 shares. The stock had previously closed at C$0.54.

Silver One Resources Trading Up 5.6%

The firm has a market capitalization of C$201.23 million, a price-to-earnings ratio of -57.00 and a beta of 1.59. The firm’s 50-day moving average is C$0.65 and its 200 day moving average is C$0.52.

About Silver One Resources

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. The company was formerly known as BRS Ventures Ltd. and changed its name to Silver One Resources Inc in September 2016.