First Andes Silver (CVE:FAS) Trading Down 20.5% – Should You Sell?

First Andes Silver Ltd. (CVE:FAS) shares were down 20.5% during mid-day trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 1,648,219 shares traded hands during trading, an increase of 124% from the average daily volume of 734,806 shares. The stock had previously closed at C$0.22.

First Andes Silver Price Performance

The stock’s fifty day moving average price is C$0.11 and its 200-day moving average price is C$0.10. The firm has a market cap of C$11.89 million, a PE ratio of -17.50 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.