Cascadero Copper (CVE:CCD) Trading Down 40% – Here’s Why

Shares of Cascadero Copper Co. (CVE:CCD) fell 40% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. 229,600 shares traded hands during trading, an increase of 52% from the average session volume of 151,338 shares. The stock had previously closed at C$0.03.

Cascadero Copper Price Performance

The company has a debt-to-equity ratio of 21.60, a current ratio of 0.54 and a quick ratio of 3.44. The stock has a market capitalization of C$7.50 million, a price-to-earnings ratio of -25.00 and a beta of -6.52. The firm’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.01.

Cascadero Copper Company Profile

Cascadero Copper Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties primarily in Argentina. The company explores for cesium, silver, zinc, lead, gold, uranium, copper, tellurium, tin, molybdenum, iron, and rubidium ores. It holds interests in 27 mineral properties located in the northern area of the Argentine Puna. Cascadero Copper Corporation was incorporated in 2003 and is headquartered in North Vancouver, Canada.