Comet Industries (CVE:CMU) Trading 2.8% Higher – Time to Buy?

Shares of Comet Industries Ltd. (CVE:CMU) rose 2.8% during mid-day trading on Monday . The stock traded as high as C$4.00 and last traded at C$4.00. Approximately 2,000 shares were traded during trading, a decline of 4% from the average daily volume of 2,091 shares. The stock had previously closed at C$3.89.

Comet Industries Stock Performance

The company has a market capitalization of C$20.38 million, a PE ratio of -28.33 and a beta of -0.51. The company has a debt-to-equity ratio of 0.73, a quick ratio of 6.63 and a current ratio of 401.62. The company has a 50 day moving average price of C$3.80 and a 200 day moving average price of C$4.03.

About Comet Industries

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia. In addition, the company holds, and rents land and a commercial building located at the corner of Carrall and Powell Streets in the Gastown area of Vancouver, Canada.