Silver One Resources (CVE:SVE) Shares Down 11.1% – Here’s Why

Silver One Resources Inc. (CVE:SVEGet Free Report) dropped 11.1% during mid-day trading on Wednesday . The stock traded as low as C$0.24 and last traded at C$0.24. Approximately 14,000 shares changed hands during trading, a decline of 85% from the average daily volume of 95,881 shares. The stock had previously closed at C$0.27.

Silver One Resources Stock Performance

The firm has a market capitalization of C$68.49 million, a PE ratio of -25.97 and a beta of 1.57. The stock has a fifty day moving average price of C$0.25 and a 200-day moving average price of C$0.26.

Silver One Resources Company Profile

(Get Free Report)

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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