Silver One Resources (CVE:SVE) Trading Up 31.4% - Here's Why

Key Points

• Silver One Resources shares surged by 31.4%, trading as high as C$0.48 during the session, with a notable increase in trading volume of 513% compared to average levels.
• The company has a market capitalization of C$116.98 million and engages in the exploration and development of silver mineral properties, with key projects in Nevada and Arizona.
• As of now, the stock has a P/E ratio of -43.50 and a beta of 1.22, indicating its volatility compared to the market.

Shares of Silver One Resources Inc. (CVE:SVE - ) traded up 31.4% during trading on Wednesday . The company traded as high as C$0.48 and last traded at C$0.46. 926,181 shares traded hands during mid-day trading, an increase of 513% from the average session volume of 150,997 shares. The stock had previously closed at C$0.35.

Silver One Resources Stock Up 24.3%

The stock has a market capitalization of C$116.98 million, a P/E ratio of -43.50 and a beta of 1.22. The firm has a 50-day moving average of C$0.33 and a 200 day moving average of C$0.28.

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.

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