Cantex Mine Development (CVE:CD) Shares Down 40% – Time to Sell?

by · The Cerbat Gem

Shares of Cantex Mine Development Corp. (CVE:CD – Get Free Report) dropped 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 757% from the average daily volume of 93,765 shares. The stock had previously closed at C$0.18.

Cantex Mine Development Price Performance

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

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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