Silver One Resources (CVE:SVE) Trading Up 22.5% – What’s Next?

Silver One Resources Inc. (CVE:SVE) shares were up 22.5% during mid-day trading on Thursday . The company 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 193% from the average daily volume of 93,867 shares. The stock had previously closed at C$0.20.

Silver One Resources Stock Performance

The company has a market capitalization of C$71.26 million, a price-to-earnings ratio of -27.00 and a beta of 1.57. The company has a quick ratio of 21.35, a current ratio of 79.52 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of C$0.20 and a 200 day moving average of C$0.25.

About Silver One Resources

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.