Silver One Resources (CVE:SVE) Shares Up 10.7% – Still a Buy?

Silver One Resources Inc. (CVE:SVEGet Free Report)’s stock price shot up 10.7% during trading on Tuesday . The stock traded as high as C$0.31 and last traded at C$0.31. 55,000 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 121,650 shares. The stock had previously closed at C$0.28.

Silver One Resources Stock Performance

The stock has a market cap of C$83.36 million, a P/E ratio of -27.00 and a beta of 1.57. The company has a current ratio of 79.52, a quick ratio of 21.35 and a debt-to-equity ratio of 0.04. The company’s 50-day simple moving average is C$0.31 and its 200 day simple moving average is C$0.28.

About Silver One Resources

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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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