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

Cantex Mine Development Corp. (CVE:CD – Get Free Report) shares fell 40% on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. 803,125 shares changed hands during trading, an increase of 757% from the average session volume of 93,765 shares. The stock had previously closed at C$0.18.

Cantex Mine Development Stock Performance

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