First Andes Silver (CVE:FAS) Stock Price Up 28.6% – What’s Next?

First Andes Silver Ltd. (CVE:FAS)’s stock price shot up 28.6% during mid-day trading on Thursday . The company traded as high as C$0.09 and last traded at C$0.09. 245,000 shares were traded during mid-day trading, an increase of 235% from the average session volume of 73,058 shares. The stock had previously closed at C$0.07.

First Andes Silver Stock Up 11.1 %

The company’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.07. The stock has a market capitalization of C$3.32 million, a price-to-earnings ratio of -0.71 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.