First Andes Silver (CVE:FAS) Stock Price Down 14.3% – Here’s What Happened

Shares of First Andes Silver Ltd. (CVE:FAS) fell 14.3% on Monday . The company traded as low as C$0.06 and last traded at C$0.06. 156,012 shares changed hands during trading, a decline of 40% from the average session volume of 259,020 shares. The stock had previously closed at C$0.07.

First Andes Silver Stock Down 7.1%

The company has a market cap of C$4.42 million, a price-to-earnings ratio of -6.50 and a beta of 1.93. The business’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.09.

About First Andes Silver

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.