Silver One Resources (CVE:SVE) Trading 22.5% Higher – Here’s Why

Silver One Resources Inc. (CVE:SVEGet Free Report) shares rose 22.5% during trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 274,590 shares traded hands during trading, an increase of 193% from the average daily volume of 93,867 shares. The stock had previously closed at C$0.20.

Silver One Resources Trading Up 8.2 %

The company’s 50 day moving average price is C$0.20 and its 200 day moving average price is C$0.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 79.52 and a quick ratio of 21.35. The firm has a market cap of C$71.26 million, a PE ratio of -27.00 and a beta of 1.57.

About Silver One Resources

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Silver One Resources Inc, together with its subsidiary, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for silver deposits. Its flagship project, the Candelaria Silver Mine project, located in central west Nevada; and holds 100% interest in Cherokee project located in Nevada, as well as in the Phoenix silver property located near Globe, Arizona.

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