First Andes Silver (CVE:FAS) Shares Up 56.3% – Here’s What Happened

Shares of First Andes Silver Ltd. (CVE:FAS) rose 56.3% during trading on Thursday . The company traded as high as C$0.16 and last traded at C$0.13. Approximately 4,815,313 shares traded hands during mid-day trading, an increase of 4,103% from the average daily volume of 114,577 shares. The stock had previously closed at C$0.08.

First Andes Silver Price Performance

The stock’s 50-day moving average price is C$0.09 and its 200 day moving average price is C$0.07. The firm has a market cap of C$4.15 million, a P/E ratio of -0.89 and a beta of 1.65.

About First Andes Silver

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.