Zimtu Capital (CVE:ZC) Stock Falls 11.6% – Here’s Why

Zimtu Capital Corp. (CVE:ZC – Get Free Report) was down 11.6% on Monday. The company traded as low as C$0.38 and last traded at C$0.38. Approximately 5,850 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 12,109 shares. The stock had previously closed at C$0.43.

Zimtu Capital Stock Performance

The firm has a 50-day simple moving average of C$0.43 and a two-hundred day simple moving average of C$0.51. The company has a current ratio of 106.42, a quick ratio of 26.23 and a debt-to-equity ratio of 0.11. The company has a market capitalization of C$6.51 million, a price-to-earnings ratio of 0.29 and a beta of 0.64.

Zimtu Capital Company Profile

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Zimtu Capital Corp. is a private equity and venture capital firm specializing in seed stage, early stage, acquisition, pre-IPO investments in private micro and small-cap resource companies. The firm invests in potash mineral properties, technology and emerging cannabis sectors. It prefers to invest in Western Canada. It also focuses on the exploration and development of tantalum and niobium deposits in Central British Columbia; and involves in the exploration and evaluation of gold deposits in South-Central Northwest territories.

Further Reading

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