Cantex Mine Development (CVE:CD) Shares Down 40% – Here’s Why

by · The Cerbat Gem

Cantex Mine Development Corp. (CVE:CD – Get Free Report)’s stock price was down 40% during trading on Saturday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 803,125 shares traded hands during trading, an increase of 738% from the average daily volume of 95,866 shares. The stock had previously closed at C$0.18.

Cantex Mine Development Stock Performance

The company has a market capitalization of C$16.68 million, a price-to-earnings ratio of -2.63 and a beta of -1.04. The stock’s 50 day moving average price is C$0.17 and its 200 day moving average price is C$0.17. The company has a current ratio of 1.79, a quick ratio of 2.53 and a debt-to-equity ratio of 39.30.

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.

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