Silver One Resources (CVE:SVE) Trading 22.5% Higher – Should You Buy?

Silver One Resources Inc. (CVE:SVEGet Free Report)’s share price was up 22.5% during mid-day trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 274,590 shares were traded during trading, an increase of 195% from the average daily volume of 92,938 shares. The stock had previously closed at C$0.20.

Silver One Resources Stock Up 22.5 %

The stock has a 50 day moving average price of C$0.20 and a 200 day moving average price of C$0.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.35 and a current ratio of 79.52. The company has a market capitalization of C$65.88 million, a P/E 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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