Silver One Resources (CVE:SVE) Stock Price Up 6.3% – Here’s Why

Silver One Resources Inc. (CVE:SVEGet Free Report) shares rose 6.3% during mid-day trading on Wednesday . The stock traded as high as C$0.45 and last traded at C$0.42. Approximately 295,114 shares changed hands during trading, a decline of 34% from the average session volume of 449,547 shares. The stock had previously closed at C$0.40.

Silver One Resources Trading Up 6.3%

The firm has a fifty day simple moving average of C$0.40 and a 200 day simple moving average of C$0.51. The stock has a market cap of C$148.27 million, a price-to-earnings ratio of -42.00 and a beta of 2.36.

Silver One Resources Company Profile

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Silver One Resources Inc, together with its subsidiary, engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores for silver deposits. Its flagship project, the Candelaria Silver Mine project, located in central west Nevada; and holds 100% interest in Cherokee project located in Nevada, as well as in the Phoenix silver property located near Globe, Arizona. The company was formerly known as BRS Ventures Ltd. and changed its name to Silver One Resources Inc in September 2016.

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