Canterra Minerals (CVE:CTM) Stock Price Down 13.8% – Here’s Why

Canterra Minerals Co. (CVE:CTM)’s stock price fell 13.8% on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 260,433 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 428,026 shares. The stock had previously closed at C$0.14.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised shares of Canterra Minerals to a “strong-buy” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Canterra Minerals Price Performance

The firm has a market capitalization of C$51.08 million, a PE ratio of -13.00 and a beta of 3.58. The firm has a 50-day simple moving average of C$0.18 and a 200-day simple moving average of C$0.19.

Canterra Minerals Company Profile

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.