First Andes Silver (CVE:FAS) Stock Price Up 45.8% – Here’s What Happened

First Andes Silver Ltd. (CVE:FAS) rose 45.8% on Wednesday . The company traded as high as C$0.18 and last traded at C$0.18. Approximately 3,982,184 shares were traded during trading, an increase of 512% from the average daily volume of 650,485 shares. The stock had previously closed at C$0.12.

First Andes Silver Stock Up 45.8%

The stock’s 50-day simple moving average is C$0.10 and its 200 day simple moving average is C$0.10. The firm has a market cap of C$11.89 million, a P/E 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.