First Andes Silver (CVE:FAS) Shares Up 29.2% – Here’s Why

Shares of First Andes Silver Ltd. (CVE:FAS) shot up 29.2% during mid-day trading on Wednesday . The stock traded as high as C$0.16 and last traded at C$0.16. 3,683,321 shares changed hands during mid-day trading, an increase of 512% from the average session volume of 601,445 shares. The stock had previously closed at C$0.12.

First Andes Silver Stock Performance

The business has a 50-day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.10. The company has a market capitalization of C$11.89 million, a price-to-earnings ratio of -17.50 and a beta of 1.34.

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. and changed its name to First Andes Silver Ltd. in April 2024. First Andes Silver Ltd. is headquartered in Vancouver, Canada.