First Andes Silver Ltd. (CVE:FAS – Get Free Report) dropped 20.5% on Thursday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 1,648,219 shares traded hands during mid-day 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 Stock Performance
The company has a fifty day simple moving average of C$0.12 and a 200 day simple moving average of C$0.10. The stock has a market capitalization of C$12.91 million, a price-to-earnings ratio of -19.00 and a beta of 1.34.
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.
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