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

by · The Markets Daily

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

Cantex Mine Development Price Performance

The stock has a fifty day simple moving average of C$0.17 and a 200-day simple moving average of C$0.17. The company has a market capitalization of C$16.68 million, a PE 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.

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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