Silver One Resources (CVE:SVE) Sets New 12-Month High – Still a Buy?

Silver One Resources Inc. (CVE:SVEGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.95 and last traded at C$0.92, with a volume of 1433548 shares trading hands. The stock had previously closed at C$0.83.

Silver One Resources Stock Performance

The company has a market cap of C$249.94 million, a price-to-earnings ratio of -35.00 and a beta of 1.57. The company’s 50 day moving average price is C$0.55 and its 200 day moving average price is C$0.43.

About Silver One Resources

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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. The company was formerly known as BRS Ventures Ltd. and changed its name to Silver One Resources Inc in September 2016.

Further Reading

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