Silver One Resources (CVE:SVE) Hits New 12-Month High – What’s Next?

Silver One Resources Inc. (CVE:SVE) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$0.60 and last traded at C$0.60, with a volume of 404793 shares trading hands. The stock had previously closed at C$0.54.

Silver One Resources Trading Up 11.1%

The company’s 50 day moving average price is C$0.38 and its two-hundred day moving average price is C$0.36. The stock has a market cap of C$174.38 million, a P/E ratio of -35.00 and a beta of 1.48.

Silver One Resources Company Profile

Silver One Resources Inc, together with its subsidiary, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for silver deposits. Its flagship project, the Candelaria Silver Mine project, located in central west Nevada; and holds 100% interest in Cherokee project located in Nevada, as well as in the Phoenix silver property located near Globe, Arizona.