Silver One Resources (CVE:SVE) Stock Price Up 22.5% – Still a Buy?

Silver One Resources Inc. (CVE:SVE) shares shot 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 changed 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 Price Performance

The stock’s fifty day moving average price is C$0.20 and its 200-day moving average price is C$0.25. The firm has a market cap of C$65.88 million, a PE ratio of -27.00 and a beta of 1.57. 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

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.