Montero Mining and Exploration (CVE:MON) Shares Down 5.7% – Here’s What Happened

Montero Mining and Exploration Ltd. (CVE:MON)’s share price dropped 5.7% during trading on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.50. Approximately 26,338 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 23,242 shares. The stock had previously closed at C$0.53.

Montero Mining and Exploration Price Performance

The company has a debt-to-equity ratio of 494.64, a quick ratio of 0.02 and a current ratio of 0.10. The firm’s 50-day moving average is C$0.62 and its 200 day moving average is C$0.60. The firm has a market capitalization of C$4.40 million, a PE ratio of -2.74 and a beta of 2.38.

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.