First Andes Silver (CVE:FAS) Trading 33.3% Higher – Should You Buy?

First Andes Silver Ltd. (CVE:FAS)’s share price traded up 33.3% during trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 108,000 shares traded hands during 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 Trading Up 33.3 %

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

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.