First Andes Silver (CVE:FAS) Stock Price Down 11.4% – Here’s What Happened

First Andes Silver Ltd. (CVE:FAS) shares were down 11.4% on Thursday . The stock traded as low as C$0.15 and last traded at C$0.16. Approximately 592,767 shares were traded during trading, a decline of 3% from the average daily volume of 611,073 shares. The stock had previously closed at C$0.18.

First Andes Silver Stock Performance

The business has a 50 day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.10. The firm has a market capitalization of C$10.19 million, a P/E ratio of -15.00 and a beta of 1.34.

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.