Silver One Resources (CVE:SVE) Shares Up 22.5% – Here’s Why

Silver One Resources Inc. (CVE:SVEGet Free Report) shot up 22.5% on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 274,590 shares changed hands during mid-day trading, an increase of 193% from the average session volume of 93,867 shares. The stock had previously closed at C$0.20.

Silver One Resources Trading Up 22.5 %

The company has a current ratio of 79.52, a quick ratio of 21.35 and a debt-to-equity ratio of 0.04. The business’s 50-day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.25. The company has a market capitalization of C$65.88 million, a PE ratio of -27.00 and a beta of 1.57.

Silver One Resources Company Profile

(Get Free Report)

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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