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

by · The Markets Daily

Cantex Mine Development Corp. (CVE:CD – Get Free Report) shares fell 40% during mid-day trading on Saturday . The stock traded as low as C$0.11 and last traded at C$0.11. 803,125 shares were traded 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 capitalization of C$16.68 million, a price-to-earnings ratio of -2.63 and a beta of -1.04. 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 firm’s 50 day simple moving average is C$0.17 and its 200-day simple moving average is 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.

Read More