Silver One Resources (CVE:SVE) Share Price Breaks Above 50-Day Moving Average – What’s Next?

Shares of Silver One Resources Inc. (CVE:SVE – Get Free Report) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$0.42 and traded as high as C$0.43. Silver One Resources shares last traded at C$0.43, with a volume of 886,988 shares changing hands.

Silver One Resources Stock Performance

The stock has a 50 day moving average price of C$0.42 and a 200 day moving average price of C$0.49. The company has a market cap of C$151.80 million, a P/E ratio of -43.00 and a beta of 1.50.

About Silver One Resources

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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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