Silver One Resources (CVE:SVE) Stock Price Down 8.6% – Time to Sell?

Silver One Resources Inc. (CVE:SVE) shares were down 8.6% during trading on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.53. Approximately 731,636 shares traded hands during trading, an increase of 3% from the average daily volume of 707,545 shares. The stock had previously closed at C$0.58.

Silver One Resources Stock Performance

The company has a 50 day moving average of C$0.59 and a 200 day moving average of C$0.54. The stock has a market capitalization of C$176.51 million, a price-to-earnings ratio of -50.00 and a beta of 2.02.

Silver One Resources Company Profile

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.