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

by · The Cerbat Gem

Shares of Cantex Mine Development Corp. (CVE:CD – Get Free Report) traded down 40% on Saturday . The stock traded as low as C$0.11 and last traded at C$0.11. 803,125 shares changed hands during mid-day 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 Performance

The stock’s fifty day simple moving average is C$0.17 and its 200-day simple moving average is C$0.17. The company has a debt-to-equity ratio of 39.30, a quick ratio of 2.53 and a current ratio of 1.79. The company 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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