Silver One Resources (CVE:SVE) Stock Price Down 11.4% – Here’s What Happened

Silver One Resources Inc. (CVE:SVEGet Free Report) traded down 11.4% during mid-day trading on Tuesday . The company traded as low as C$0.61 and last traded at C$0.62. 230,055 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 851,684 shares. The stock had previously closed at C$0.70.

Silver One Resources Stock Performance

The company has a market cap of C$207.48 million, a price-to-earnings ratio of -35.00 and a beta of 1.92. The company’s 50 day moving average price is C$0.68 and its 200 day moving average price is C$0.49.

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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