First Andes Silver (CVE:FAS) Trading Down 20.5% – Here’s What Happened

First Andes Silver Ltd. (CVE:FAS) dropped 20.5% during mid-day trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 1,648,219 shares traded hands during trading, an increase of 124% from the average daily volume of 734,806 shares. The stock had previously closed at C$0.22.

First Andes Silver Trading Down 20.5%

The stock has a market capitalization of C$11.89 million, a P/E ratio of -17.50 and a beta of 1.34. The company has a 50-day moving average price of C$0.11 and a 200 day moving average price of 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.