First Andes Silver (CVE:FAS) Shares Up 28.6% – Should You Buy?

First Andes Silver Ltd. (CVE:FAS)’s stock price shot up 28.6% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. 245,000 shares were traded during trading, an increase of 235% from the average session volume of 73,058 shares. The stock had previously closed at C$0.07.

First Andes Silver Trading Up 28.6 %

The stock’s 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.07. The firm has a market capitalization of C$2.99 million, a P/E ratio of -0.64 and a beta of 1.65.

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.