Cantex Mine Development (CVE:CD) Trading Down 40% – What’s Next?

by · The Cerbat Gem

Cantex Mine Development Corp. (CVE:CD – Get Free Report) was down 40% during mid-day trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 803,125 shares traded hands during mid-day 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 quick ratio of 2.53, a current ratio of 1.79 and a debt-to-equity ratio of 39.30. The firm has a 50-day moving average price of C$0.17 and a 200 day moving average price of C$0.17. The firm has a market capitalization of C$16.68 million, a PE ratio of -2.63 and a beta of -1.04.

Cantex Mine Development Company Profile

(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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