Silver One Resources (CVE:SVE) Shares Down 5.9% - Here's What Happened

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.

Shares of Silver One Resources Inc. (CVE:SVE - Get Free Report) dropped 5.9% on Wednesday . The stock traded as low as C$0.38 and last traded at C$0.40. Approximately 448,947 shares traded hands during trading, an increase of 183% from the average daily volume of 158,762 shares. The stock had previously closed at C$0.43.

Silver One Resources Trading Down 2.4%

The firm has a market capitalization of C$111.60 million, a P/E ratio of -41.50 and a beta of 1.22. The firm has a 50-day moving average of C$0.35 and a two-hundred day moving average of C$0.29.

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.