First Andes Silver (CVE:FAS) Shares Up 30.6% – Here’s What Happened

First Andes Silver Ltd. (CVE:FAS) shot up 30.6% during trading on Tuesday . The stock traded as high as C$0.28 and last traded at C$0.24. 630,964 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 629,253 shares. The stock had previously closed at C$0.18.

First Andes Silver Price Performance

The firm has a 50 day moving average price of C$0.11 and a 200-day moving average price of C$0.10. The firm has a market cap of C$14.95 million, a price-to-earnings ratio of -22.00 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.