First Andes Silver (CVE:FAS) Shares Up 29.2% – What’s Next?

Shares of First Andes Silver Ltd. (CVE:FAS) traded up 29.2% during mid-day trading on Wednesday . The company traded as high as C$0.16 and last traded at C$0.16. 3,920,184 shares were traded during mid-day trading, an increase of 552% from the average session volume of 601,445 shares. The stock had previously closed at C$0.12.

First Andes Silver Price Performance

The firm has a market capitalization of C$11.21 million, a price-to-earnings ratio of -16.50 and a beta of 1.34. The business’s 50-day moving average price is C$0.10 and its 200 day moving average price is C$0.10.

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. and changed its name to First Andes Silver Ltd. in April 2024. First Andes Silver Ltd. is headquartered in Vancouver, Canada.