First Andes Silver (CVE:FAS) Stock Price Down 7.1% – Here’s Why

First Andes Silver Ltd. (CVE:FAS) traded down 7.1% during trading on Friday . The company traded as low as C$0.13 and last traded at C$0.13. 136,227 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 274,639 shares. The stock had previously closed at C$0.14.

First Andes Silver Stock Down 14.3%

The stock has a market cap of C$8.15 million, a P/E ratio of -12.00 and a beta of 1.36. The stock has a fifty day simple moving average of C$0.09 and a 200-day simple moving average of C$0.10.

About First Andes Silver

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.