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

First Andes Silver Ltd. (CVE:FAS) traded 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 Up 3.1%

The firm has a market cap of C$11.21 million, a price-to-earnings ratio of -16.50 and a beta of 1.34. The business has a 50 day moving average price of C$0.10 and a 200-day moving average price 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.