Cantex Mine Development Corp. (CVE:CD – Get Free Report)’s stock price dropped 40% during mid-day trading on Saturday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 803,125 shares changed hands during trading, an increase of 738% from the average daily volume of 95,866 shares. The stock had previously closed at C$0.18.
Cantex Mine Development Trading Down 40.0%
The firm has a 50-day simple moving average of C$0.17 and a 200-day simple moving average of C$0.17. The company has a quick ratio of 2.53, a current ratio of 1.79 and a debt-to-equity ratio of 39.30. The stock has a market cap of C$16.68 million, a PE ratio of -2.63 and a beta of -1.04.
Cantex Mine Development Company Profile
Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.
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