First Andes Silver (CVE:FAS) Shares Up 25% – Here’s What Happened

Shares of First Andes Silver Ltd. (CVE:FAS) shot up 25% on Monday . The stock traded as high as C$0.11 and last traded at C$0.10. 2,264,452 shares traded hands during trading, an increase of 731% from the average session volume of 272,652 shares. The stock had previously closed at C$0.08.

First Andes Silver Price Performance

The company’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.09. The firm has a market capitalization of C$7.48 million, a price-to-earnings ratio of -11.00 and a beta of 1.93.

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.