First Andes Silver (CVE:FAS) Sets New 1-Year Low – Here’s What Happened

First Andes Silver Ltd. (CVE:FAS) hit a new 52-week low on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 135000 shares. The stock had previously closed at C$0.08.

First Andes Silver Stock Down 6.3 %

The stock’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.13. The company has a market capitalization of C$2.49 million, a price-to-earnings ratio of -0.54 and a beta of 1.65.

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.