Silver One Resources (CVE:SVE) Trading Down 6.5% - Should You Sell?

Key Points

• Silver One Resources Inc. saw a stock decline of 6.5% on Tuesday, with shares trading as low as C$0.28.
• The company has a market capitalization of C$82.75 million and a current price-to-earnings ratio of -31.38.
• Silver One Resources focuses on exploring silver deposits in the U.S., with its flagship project being the Candelaria Silver Mine in Nevada.

Silver One Resources Inc. (CVE:SVE - Get Free Report) dropped 6.5% on Tuesday . The stock traded as low as C$0.28 and last traded at C$0.29. Approximately 458,495 shares were traded during mid-day trading, an increase of 221% from the average daily volume of 142,888 shares. The stock had previously closed at C$0.31.

Silver One Resources Price Performance

The company's 50 day moving average is C$0.32 and its two-hundred day moving average is C$0.28. The firm has a market cap of C$95.59 million, a P/E ratio of -36.25 and a beta of 1.57.

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.