Silver One Resources (CVE:SVE) Trading Down 10.3% – Here’s What Happened

by · The Markets Daily

Silver One Resources Inc. (CVE:SVE – Get Free Report) shares dropped 10.3% during trading on Thursday . The company traded as low as C$0.50 and last traded at C$0.52. Approximately 278,885 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 216,368 shares. The stock had previously closed at C$0.58.

Silver One Resources Stock Performance

The firm has a market cap of C$154.03 million, a price-to-earnings ratio of -35.00 and a beta of 1.48. The firm has a 50-day moving average price of C$0.39 and a two-hundred day moving average price of C$0.36.

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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