First Andes Silver (CVE:FAS) Shares Up 15% – Here’s What Happened
by Tristan Rich · The Markets DailyFirst Andes Silver Ltd. (CVE:FAS – Get Free Report) shares rose 15% during trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 113,500 shares traded hands during trading, a decline of 67% from the average daily volume of 338,849 shares. The stock had previously closed at C$0.10.
First Andes Silver Stock Performance
The business has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.11. The company has a market cap of C$7.82 million, a price-to-earnings ratio of -5.75 and a beta of 1.99.
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.