Silver One Resources (CVE:SVE) Trading Down 9.1% – Here’s What Happened

Silver One Resources Inc. (CVE:SVEGet Free Report) was down 9.1% on Wednesday . The company traded as low as C$0.50 and last traded at C$0.50. Approximately 252,217 shares were traded during trading, a decline of 57% from the average daily volume of 592,499 shares. The stock had previously closed at C$0.55.

Silver One Resources Price Performance

The business’s 50 day moving average is C$0.53 and its two-hundred day moving average is C$0.57. The firm has a market cap of C$187.10 million, a P/E ratio of -53.00 and a beta of 2.03.

About Silver One Resources

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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.

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