First Andes Silver (CVE:FAS) Stock Price Up 31.3% – Here’s Why

First Andes Silver Ltd. (CVE:FAS)’s share price shot up 31.3% during mid-day trading on Monday . The stock traded as high as C$0.11 and last traded at C$0.11. 1,854,404 shares traded hands during trading, an increase of 597% from the average session volume of 266,241 shares. The stock had previously closed at C$0.08.

First Andes Silver Price Performance

The company has a market capitalization of C$6.80 million, a price-to-earnings ratio of -10.00 and a beta of 1.93. The business’s 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.09.

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.