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First Andes Silver shares surged 31% on heavy volume, but no reason was given.
First Andes Silver (CVE:FAS) shares jumped 31.3% on Monday, closing at C$0.11 amid a 597% surge in trading volume to 1.85 million shares.
The exploration-stage company, focused on silver and gold projects in Peru, owns the 1,100-hectare Santas Gloria property.
With a market cap of C$6.80 million and a beta of 1.93, the stock's sharp rise reflects heightened investor interest, though no specific catalyst was cited.
The company, formerly Mantaro Precious Metals Corp., remains in the early exploration phase with no production or earnings.
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Las acciones de First Andes Silver subieron un 31% debido a un gran volumen, pero no se dio ninguna razón.