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

by · The Cerbat Gem

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

Cantex Mine Development Stock Down 40.0%

The company has a market cap of C$16.68 million, a price-to-earnings ratio of -2.63 and a beta of -1.04. 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 firm has a 50-day moving average price of C$0.17 and a 200 day moving average price of C$0.17.

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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