Silver One Resources (CVE:SVE) Trading Down 8.6% - Should You Sell?

Key Points

• Shares fell 8.6% intraday to C$0.53 (low C$0.50) on Tuesday with volume of 731,636 shares, about 3% above the average, and the price now sits below the 50‑day MA (C$0.60) and near the 200‑day MA (C$0.54).
• Company fundamentals: Silver One has a market cap of C$187.10 million, a negative P/E (‑53) and a beta of 2.02, and it focuses on U.S. silver projects including the Candelaria, Cherokee and Phoenix properties.

Silver One Resources Inc. (CVE:SVE - ) shares traded down 8.6% during mid-day trading on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.53. 731,636 shares were traded during mid-day trading, an increase of 3% from the average session volume of 707,545 shares. The stock had previously closed at C$0.58.

Silver One Resources Trading Down 8.6%

The company has a 50 day moving average price of C$0.60 and a 200-day moving average price of C$0.54. The company has a market cap of C$187.10 million, a P/E ratio of -53.00 and a beta of 2.02.

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. The company was formerly known as BRS Ventures Ltd. and changed its name to Silver One Resources Inc in September 2016.

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