Silver One Resources (CVE:SVE) Trading Up 22.5% – Here’s Why

Silver One Resources Inc. (CVE:SVEGet Free Report)’s share price traded up 22.5% during mid-day trading on Friday . The stock traded as high as C$0.25 and last traded at C$0.25. 274,590 shares traded hands during trading, an increase of 193% from the average session volume of 93,867 shares. The stock had previously closed at C$0.20.

Silver One Resources Trading Up 8.2 %

The company has a market capitalization of C$71.26 million, a price-to-earnings ratio of -27.00 and a beta of 1.57. The business’s 50 day simple moving average is C$0.20 and its 200 day simple moving average is C$0.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 79.52 and a quick ratio of 21.35.

Silver One Resources Company Profile

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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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