Shares of Btu Metals Corp (CVE:BTU) fell 20% during mid-day trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. 628,776 shares changed hands during mid-day trading, an increase of 144% from the average session volume of 258,054 shares. The stock had previously closed at C$0.13.

The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 6.26.

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Btu Metals Company Profile (CVE:BTU)

BTU Metals Corp. operates as a junior exploration company in Canada and the Republic of Ireland. The company holds a 100% interest in the Shakespeare Property that consists of 9 contiguous claims covering an area of approximately 528 hectares located in the Baldwin and Shakespeare Townships, Sudbury Mining Division, Ontario; and the Galway Gold project that covers an area of 16,640 hectares located in Galway County, the Republic of Ireland.

Further Reading: Initial Public Offering (IPO)

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