First Andes Silver (CVE:FAS) Shares Up 31.3% – Still a Buy?

Shares of First Andes Silver Ltd. (CVE:FASGet Free Report) were up 31.3% during trading on Monday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 1,854,404 shares changed hands during mid-day trading, an increase of 597% from the average daily volume of 266,241 shares. The stock had previously closed at C$0.08.

First Andes Silver Trading Up 25.0%

The company has a market cap of C$6.80 million, a price-to-earnings ratio of -10.00 and a beta of 1.93. The company has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.09.

About First Andes Silver

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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.

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