Silver One Resources (CVE:SVE) Shares Up 22.9% - Here's What Happened

Key Points

• Silver One Resources Inc. (CVE:SVE) saw its share price increase by 22.9% during mid-day trading, reaching a last traded price of C$0.43.
• The trading volume surged to approximately 1,040,531 shares, representing a 583% increase from its average daily volume of 152,359 shares.
• The company focuses on the acquisition and exploration of silver deposits, with notable properties including the Candelaria Silver Mine project in Nevada.

Silver One Resources Inc. (CVE:SVE - )'s share price was up 22.9% during mid-day trading on Wednesday . The stock traded as high as C$0.48 and last traded at C$0.43. Approximately 1,040,531 shares traded hands during mid-day trading, an increase of 583% from the average daily volume of 152,359 shares. The stock had previously closed at C$0.35.

Silver One Resources Price Performance

The stock has a market capitalization of C$115.63 million, a price-to-earnings ratio of -43.00 and a beta of 1.22. The stock has a 50-day moving average of C$0.33 and a 200 day moving average of C$0.28.

Silver One Resources Company Profile

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.

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