Comet Industries (CVE:CMU) Trading 2.8% Higher – Here’s Why

Comet Industries Ltd. (CVE:CMU)’s stock price was up 2.8% during mid-day trading on Monday . The stock traded as high as C$4.00 and last traded at C$4.00. Approximately 2,000 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 2,091 shares. The stock had previously closed at C$3.89.

Comet Industries Price Performance

The stock’s fifty day moving average price is C$3.79 and its 200-day moving average price is C$4.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 6.63 and a current ratio of 401.62. The firm has a market cap of C$19.18 million, a PE ratio of -26.67 and a beta of -0.51.

About Comet Industries

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia. In addition, the company holds, and rents land and a commercial building located at the corner of Carrall and Powell Streets in the Gastown area of Vancouver, Canada.