First Andes Silver (CVE:FAS) Trading Up 18.8% – Here’s Why

First Andes Silver Ltd. (CVE:FAS) traded up 18.8% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 112,050 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 195,434 shares. The stock had previously closed at C$0.08.

First Andes Silver Price Performance

The firm has a market cap of C$8.22 million, a PE ratio of -4.75 and a beta of 1.38. The company has a 50-day simple moving average of C$0.09 and a 200-day simple moving average of C$0.11.

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. and changed its name to First Andes Silver Ltd. in April 2024. First Andes Silver Ltd. is headquartered in Vancouver, Canada.