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

by · The Cerbat Gem

Cantex Mine Development Corp. (CVE:CD – Get Free Report)’s stock price was down 40% on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 803,125 shares were traded 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 current ratio of 1.79, a quick ratio of 2.53 and a debt-to-equity ratio of 39.30. The company’s 50-day moving average is C$0.17 and its two-hundred day moving average is C$0.17. The stock has a market capitalization of C$16.68 million, a P/E ratio of -2.63 and a beta of -1.04.

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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