First Andes Silver (CVE:FAS) Shares Up 33.3% – What’s Next?

First Andes Silver Ltd. (CVE:FAS)’s share price shot up 33.3% during trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 108,000 shares were traded during mid-day trading, an increase of 63% from the average session volume of 66,071 shares. The stock had previously closed at C$0.06.

First Andes Silver Price Performance

The firm has a market capitalization of C$2.65 million, a price-to-earnings ratio of -0.57 and a beta of 1.65. The company’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.07.

About First Andes Silver

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.