First Andes Silver (CVE:FAS) Shares Down 15.9% – Here’s What Happened

First Andes Silver Ltd. (CVE:FAS) shares were down 15.9% during trading on Wednesday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 1,228,810 shares traded hands during trading, an increase of 94% from the average daily volume of 632,017 shares. The stock had previously closed at C$0.22.

First Andes Silver Trading Down 20.5%

The business has a fifty day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.10. The company has a market cap of C$11.89 million, a PE ratio of -17.50 and a beta of 1.34.

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.