Cantex Mine Development (CVE:CD) Shares Down 4.8% – Time to Sell?

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s share price dropped 4.8% on Friday . The company traded as low as C$0.29 and last traded at C$0.30. Approximately 314,783 shares were traded during mid-day trading, an increase of 150% from the average daily volume of 125,915 shares. The stock had previously closed at C$0.31.

Cantex Mine Development Trading Down 4.8%

The company has a quick ratio of 2.53, a current ratio of 3.33 and a debt-to-equity ratio of 6.38. The firm has a market cap of C$81.55 million, a price-to-earnings ratio of -14.75 and a beta of 1.45. The business’s fifty day moving average is C$0.29 and its two-hundred day moving average is C$0.22.

About Cantex Mine Development

(Get Free Report)

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. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.

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