First Andes Silver (CVE:FAS) Shares Down 14.3% – Should You Sell?

First Andes Silver Ltd. (CVE:FAS) shares traded down 14.3% during trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. 474,727 shares were traded during mid-day trading, an increase of 73% from the average session volume of 274,639 shares. The stock had previously closed at C$0.14.

First Andes Silver Stock Performance

The business has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.10. The firm has a market capitalization of C$8.49 million, a price-to-earnings ratio of -12.50 and a beta of 1.36.

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. and changed its name to First Andes Silver Ltd. in April 2024. First Andes Silver Ltd. is headquartered in Vancouver, Canada.