First Andes Silver (CVE:FAS) Shares Down 13.6% – Time to Sell?

First Andes Silver Ltd. (CVE:FAS)’s stock price was down 13.6% during trading on Wednesday . The company traded as low as C$0.19 and last traded at C$0.19. Approximately 1,288,862 shares traded hands during trading, an increase of 82% from the average daily volume of 709,137 shares. The stock had previously closed at C$0.22.

First Andes Silver Trading Down 20.5%

The stock has a market capitalization of C$11.89 million, a price-to-earnings ratio of -17.50 and a beta of 1.34. The stock’s 50 day moving average is C$0.11 and its two-hundred day moving average is C$0.10.

About First Andes Silver

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.