Silver One Resources (CVE:SVE) Shares Climb 8.3% – Should You Buy?

Silver One Resources Inc. (CVE:SVE – Get Free Report) shares shot up 8.3% during mid-day trading on Friday. The stock traded as high as C$0.46 and last traded at C$0.46. 130,212 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 416,610 shares. The stock had previously closed at C$0.42.

Silver One Resources Stock Up 8.3%

The company’s fifty day moving average price is C$0.43 and its two-hundred day moving average price is C$0.47. The firm has a market cap of C$160.63 million, a PE ratio of -45.50 and a beta of 2.22.

About Silver One Resources

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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. The company was formerly known as BRS Ventures Ltd. and changed its name to Silver One Resources Inc in September 2016.

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