First Andes Silver (CVE:FAS) Stock Price Up 28.6% – Should You Buy?

Shares of First Andes Silver Ltd. (CVE:FAS) rose 28.6% on Thursday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 245,000 shares traded hands during mid-day trading, an increase of 235% from the average daily volume of 73,058 shares. The stock had previously closed at C$0.07.

First Andes Silver Trading Up 11.1 %

The company has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.07. The stock has a market capitalization of C$3.32 million, a P/E ratio of -0.71 and a beta of 1.65.

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.