First Andes Silver (CVE:FAS) Shares Up 25% – Should You Buy?

First Andes Silver Ltd. (CVE:FAS)’s share price rose 25% on Monday . The stock traded as high as C$0.11 and last traded at C$0.10. Approximately 2,150,256 shares were traded during mid-day trading, an increase of 690% from the average daily volume of 272,036 shares. The stock had previously closed at C$0.08.

First Andes Silver Stock Performance

The business has a 50-day moving average of C$0.08 and a 200-day moving average of C$0.09. The stock has a market capitalization of C$7.48 million, a price-to-earnings ratio of -11.00 and a beta of 1.93.

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.