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

First Andes Silver Ltd. (CVE:FAS)’s share price rose 25% on Monday . The company traded as high as C$0.11 and last traded at C$0.10. Approximately 2,264,452 shares changed hands during mid-day trading, an increase of 731% from the average daily volume of 272,652 shares. The stock had previously closed at C$0.08.

First Andes Silver Stock Performance

The business’s fifty day moving average price is C$0.08 and its two-hundred day moving average price is C$0.09. The stock has a market capitalization of C$7.48 million, a P/E 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.