First Andes Silver (CVE:FAS) Trading Up 31.3% – What’s Next?

First Andes Silver Ltd. (CVE:FAS) shares rose 31.3% during trading on Monday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 1,854,404 shares were traded during trading, an increase of 597% from the average daily volume of 266,241 shares. The stock had previously closed at C$0.08.

First Andes Silver Price Performance

The firm has a market capitalization of C$6.80 million, a price-to-earnings ratio of -10.00 and a beta of 1.93. The business’s 50-day moving average price is C$0.08 and its 200 day moving average price is C$0.09.

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.