First Andes Silver (CVE:FAS) Stock Price Up 25% – Should You Buy?

First Andes Silver Ltd. (CVE:FAS) shares shot up 25% during mid-day trading on Monday . The company traded as high as C$0.11 and last traded at C$0.10. 2,238,656 shares traded hands during mid-day trading, an increase of 722% from the average session volume of 272,439 shares. The stock had previously closed at C$0.08.

First Andes Silver Trading Up 25.0%

The stock has a market capitalization of C$6.80 million, a price-to-earnings ratio of -10.00 and a beta of 1.93. The stock has a 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.09.

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.