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First Andes Silver stock dropped 13.6% to 20.5% amid high trading volume, with no clear reason given.
First Andes Silver (CVE:FAS) shares fell between 13.6% and 20.5% on Wednesday, closing around C$0.18 to C$0.19, down from C$0.22, amid trading volume 77% to 124% above average.
The Vancouver-based exploration company, focused on silver and gold in Peru, holds a 100% interest in the Santas Gloria property and rebranded from Mantaro Precious Metals Corp. in April 2024.
With a market cap of C$11.89 million and a negative P/E ratio of -17.50, the stock traded below its 50-day and 200-day moving averages.
No specific reason for the decline was provided, though heightened volatility and broader market trends may have contributed.
Las acciones de First Andes Silver cayeron un 13,6% al 20,5% en medio de un alto volumen de operaciones, sin una razón clara.