First Andes Silver (CVE:FAS) Trading Up 31.3% – Still a Buy?

First Andes Silver Ltd. (CVE:FAS)’s stock price was up 31.3% during mid-day trading on Monday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 1,854,404 shares were traded during mid-day trading, an increase of 597% from the average daily volume of 266,241 shares. The stock had previously closed at C$0.08.

First Andes Silver Price Performance

The firm has a 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.09. The firm has a market cap of C$6.80 million, a PE ratio of -10.00 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.