First Andes Silver (CVE:FAS) Trading 7.1% Higher – Still a Buy?

Shares of First Andes Silver Ltd. (CVE:FAS) shot up 7.1% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 228,000 shares were traded during mid-day trading, an increase of 218% from the average session volume of 71,635 shares. The stock had previously closed at C$0.07.

First Andes Silver Stock Performance

The company has a market capitalization of C$2.99 million, a PE ratio of -0.64 and a beta of 1.65. The stock has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.07.

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.