Silver One Resources (CVE:SVE) Stock Price Up 14.6% – Still a Buy?

Shares of Silver One Resources Inc. (CVE:SVE) rose 14.6% during trading on Wednesday . The company traded as high as C$0.52 and last traded at C$0.51. Approximately 299,233 shares changed hands during trading, a decline of 54% from the average daily volume of 647,943 shares. The stock had previously closed at C$0.45.

Silver One Resources Price Performance

The business’s fifty day moving average price is C$0.57 and its 200-day moving average price is C$0.55. The stock has a market capitalization of C$176.51 million, a PE ratio of -50.00 and a beta of 2.03.

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.