Silver One Resources (CVE:SVE) Shares Up 15.9% – Should You Buy?

Shares of Silver One Resources Inc. (CVE:SVEGet Free Report) shot up 15.9% during mid-day trading on Wednesday . The company traded as high as C$0.26 and last traded at C$0.26. 272,131 shares traded hands during trading, an increase of 187% from the average session volume of 94,768 shares. The stock had previously closed at C$0.22.

Silver One Resources Stock Performance

The firm has a market cap of C$69.91 million, a P/E ratio of -26.51 and a beta of 1.57. The company’s 50 day moving average is C$0.22 and its 200 day moving average is C$0.25.

Silver One Resources Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Silver One Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver One Resources and related companies with MarketBeat.com's FREE daily email newsletter.