Silver One Resources (CVE:SVE) Stock Price Up 25.7% - Time to Buy?

Key Points

• Silver One Resources Inc. shares surged by 25.7%, reaching a high of C$0.48 during mid-day trading, significantly increasing trading volume by 604% compared to average levels.
• The current market capitalization for Silver One Resources is C$115.63 million, with a negative PE ratio of -43.00 and a beta of 1.22.
• Silver One Resources is focused on the exploration and development of silver mining projects in the United States, including the Candelaria Silver Mine and the Cherokee project in Nevada.

Shares of Silver One Resources Inc. (CVE:SVE - ) traded up 25.7% during mid-day trading on Wednesday . The company traded as high as C$0.48 and last traded at C$0.44. 1,074,031 shares changed hands during trading, an increase of 604% from the average session volume of 152,558 shares. The stock had previously closed at C$0.35.

Silver One Resources Stock Performance

The stock's fifty day moving average price is C$0.33 and its 200-day moving average price is C$0.28. The firm has a market cap of C$115.63 million, a PE ratio of -43.00 and a beta of 1.22.

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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