First Andes Silver (CVE:FAS) Trading 25% Higher – Time to Buy?

First Andes Silver Ltd. (CVE:FAS) was up 25% on Monday . The stock traded as high as C$0.11 and last traded at C$0.10. Approximately 2,238,656 shares changed hands during trading, an increase of 722% from the average daily volume of 272,439 shares. The stock had previously closed at C$0.08.

First Andes Silver Stock Performance

The stock has a fifty day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09. The stock has a market cap of C$7.48 million, a price-to-earnings ratio of -11.00 and a beta of 1.93.

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.