Silver One Resources (CVE:SVE) Stock Price Up 22.9% - Time to Buy?

Key Points

• Shares of Silver One Resources (CVE:SVE) surged by 22.9%, trading as high as C$0.48 before settling at C$0.43 during the session.
• The trading volume increased significantly, with 1,040,531 shares traded, reflecting a 583% rise compared to the average session volume of 152,359 shares.
• Silver One Resources focuses on the exploration and development of silver deposits in the United States, with key projects including the Candelaria Silver Mine in Nevada.

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

Silver One Resources Stock Up 10.1%

The firm has a market cap of C$116.98 million, a P/E ratio of -43.50 and a beta of 1.22. The business has a fifty day moving average of C$0.34 and a 200 day moving average of C$0.28.

About Silver One Resources

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.