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

First Andes Silver Ltd. (CVE:FAS)’s share price was up 25% during mid-day trading on Wednesday . The company traded as high as C$0.16 and last traded at C$0.15. Approximately 2,689,129 shares traded hands during mid-day trading, an increase of 448% from the average daily volume of 490,701 shares. The stock had previously closed at C$0.12.

First Andes Silver Trading Up 3.1%

The stock has a market cap of C$11.21 million, a P/E ratio of -16.50 and a beta of 1.34. The business’s fifty day simple moving average is C$0.10 and its 200 day simple moving average is C$0.10.

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.