Cantex Mine Development (CVE:CD) Stock Price Down 40% – Here’s What Happened

by · The Cerbat Gem

Cantex Mine Development Corp. (CVE:CD – Get Free Report)’s share price fell 40% during trading 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 Down 40.0%

The company has a market cap of C$16.68 million, a P/E 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 stock has a fifty day moving average price of C$0.17 and a two-hundred day moving average price of 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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