Silver One Resources (CVE:SVE) Trading Up 27.1% - What's Next?

Key Points

• Silver One Resources Inc. saw its share price surge by 27.1%, reaching a peak of C$0.48 during mid-day trading, significantly up from its previous close of C$0.35.
• Trading volume increased dramatically to approximately 1,014,481 shares, which is a 567% rise compared to its average daily volume of 152,096 shares.
• The company focuses on the acquisition and development of mineral properties, particularly for silver deposits, with its flagship project being the Candelaria Silver Mine in Nevada.

Silver One Resources Inc. (CVE:SVE - )'s share price was up 27.1% during mid-day trading on Wednesday . The stock traded as high as C$0.48 and last traded at C$0.45. Approximately 1,014,481 shares traded hands during trading, an increase of 567% from the average daily volume of 152,096 shares. The stock had previously closed at C$0.35.

Silver One Resources Price Performance

The stock's 50-day moving average is C$0.33 and its 200-day moving average is C$0.28. The stock has a market cap of C$116.98 million, a price-to-earnings ratio of -43.50 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.

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