Silver One Resources (CVE:SVE) Trading Down 5.9% - Should You Sell?

Key Points

• Silver One Resources Inc. experienced a share price decrease of 5.9% during mid-day trading, falling to C$0.40 after previously closing at C$0.43.
• The company has a market cap of C$107.57 million and operates primarily in the acquisition, exploration, and development of mineral properties, focusing on silver deposits.
• Its flagship project is the Candelaria Silver Mine in Nevada, alongside additional interests in the Cherokee and Phoenix silver properties.

Silver One Resources Inc. (CVE:SVE - )'s share price fell 5.9% during mid-day trading on Wednesday . The company traded as low as C$0.38 and last traded at C$0.40. 448,947 shares traded hands during trading, an increase of 183% from the average session volume of 158,762 shares. The stock had previously closed at C$0.43.

Silver One Resources Stock Performance

The firm has a fifty day moving average price of C$0.34 and a 200 day moving average price of C$0.29. The company has a market cap of C$107.57 million, a price-to-earnings ratio of -40.00 and a beta of 1.22.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.