Silver One Resources (CVE:SVE) Trading 18.5% Higher – Here’s Why

by · The Cerbat Gem

Shares of Silver One Resources Inc. (CVE:SVE – Get Free Report) shot up 18.5% during mid-day trading on Tuesday . The company traded as high as C$0.79 and last traded at C$0.77. 2,609,212 shares traded hands during mid-day trading, an increase of 262% from the average session volume of 721,667 shares. The stock had previously closed at C$0.65.

Silver One Resources Stock Up 16.9%

The company’s fifty day simple moving average is C$0.47 and its 200 day simple moving average is C$0.40. The firm has a market capitalization of C$220.88 million, a PE ratio of -35.00 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. The company was formerly known as BRS Ventures Ltd. and changed its name to Silver One Resources Inc in September 2016.

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