First Andes Silver (CVE:FAS) Stock Price Up 25% – Should You Buy?

First Andes Silver Ltd. (CVE:FAS) was up 25% on Wednesday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 2,101,653 shares were traded during mid-day trading, an increase of 547% from the average daily volume of 324,894 shares. The stock had previously closed at C$0.12.

First Andes Silver Stock Performance

The firm has a 50-day moving average of C$0.10 and a 200-day moving average of C$0.10. The firm has a market capitalization of C$11.21 million, a P/E ratio of -16.50 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.