First Andes Silver (CVE:FAS) Trading Up 28.6% – Should You Buy?

First Andes Silver Ltd. (CVE:FAS)’s share price rose 28.6% during mid-day trading on Thursday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 245,000 shares were traded during mid-day trading, an increase of 235% from the average daily volume of 73,058 shares. The stock had previously closed at C$0.07.

First Andes Silver Price Performance

The firm has a market capitalization of C$2.99 million, a PE ratio of -0.64 and a beta of 1.65. The company’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.07.

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.