First Andes Silver (CVE:FAS) Shares Down 20.5% – Here’s What Happened

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

First Andes Silver Stock Up 11.8%

The firm has a fifty day moving average price of C$0.12 and a two-hundred day moving average price of C$0.10. The stock has a market capitalization of C$12.91 million, a P/E ratio of -19.00 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.