Montero Mining and Exploration (CVE:MON) Trading Down 7.6% – Should You Sell?

Montero Mining and Exploration Ltd. (CVE:MON) shares dropped 7.6% during mid-day trading on Tuesday . The company traded as low as C$0.72 and last traded at C$0.73. Approximately 4,056 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 34,090 shares. The stock had previously closed at C$0.79.

Montero Mining and Exploration Trading Down 7.6%

The company has a quick ratio of 0.02, a current ratio of 0.10 and a debt-to-equity ratio of 494.64. The firm has a market cap of C$6.10 million, a price-to-earnings ratio of 0.33 and a beta of 2.79. The company has a 50-day moving average price of C$0.67 and a 200 day moving average price of C$0.49.

About Montero Mining and Exploration

Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile. It holds a 100% interest in the Avispa CopperMolybdenum Project that covers an area of 459 square kilometers located in the Atacama Desert of northern Chile. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.