Silver One Resources (CVE:SVE) Shares Down 7.9% – What’s Next?

Silver One Resources Inc. (CVE:SVEGet Free Report) shares fell 7.9% on Thursday . The company traded as low as C$0.58 and last traded at C$0.58. 222,128 shares were traded during trading, a decline of 49% from the average session volume of 438,616 shares. The stock had previously closed at C$0.63.

Silver One Resources Stock Performance

The company has a 50-day moving average of C$0.45 and a 200-day moving average of C$0.39. The stock has a market capitalization of C$168.57 million, a price-to-earnings ratio of -35.00 and a beta of 1.57.

Silver One Resources Company Profile

(Get Free Report)

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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