First Andes Silver (CVE:FAS) Shares Down 14.3% – What’s Next?

First Andes Silver Ltd. (CVE:FAS)’s share price traded down 14.3% during mid-day trading on Friday . The stock traded as low as C$0.12 and last traded at C$0.12. 282,227 shares changed hands during trading, an increase of 3% from the average session volume of 274,639 shares. The stock had previously closed at C$0.14.

First Andes Silver Stock Down 10.7%

The company has a market capitalization of C$8.49 million, a price-to-earnings ratio of -12.50 and a beta of 1.36. The business’s 50-day moving average is C$0.09 and its 200-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.