Silver One Resources (CVE:SVE) Stock Price Down 8.7% – Here’s Why

Silver One Resources Inc. (CVE:SVEGet Free Report)’s share price fell 8.7% during trading on Thursday . The company traded as low as C$0.40 and last traded at C$0.42. 269,765 shares were traded during trading, an increase of 32% from the average session volume of 203,690 shares. The stock had previously closed at C$0.46.

Silver One Resources Stock Down 8.7%

The stock has a 50-day moving average of C$0.37 and a 200 day moving average of C$0.34. The stock has a market cap of C$122.07 million, a PE ratio of -35.00 and a beta of 1.51.

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.

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