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

First Andes Silver Ltd. (CVE:FAS) shares rose 25% on Monday . The company traded as high as C$0.11 and last traded at C$0.10. Approximately 2,238,656 shares changed hands during mid-day trading, an increase of 722% from the average daily volume of 272,439 shares. The stock had previously closed at C$0.08.

First Andes Silver Price Performance

The stock has a market cap of C$6.80 million, a P/E ratio of -10.00 and a beta of 1.93. The stock’s 50 day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.09.

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.