Adventus Mining (CVE:ADZN) Shares Down 4.3% – Here’s Why

Adventus Mining Co. (CVE:ADZN)’s stock price dropped 4.3% on Wednesday. The stock traded as low as C$0.43 and last traded at C$0.45. Approximately 557,313 shares were traded during mid-day trading, a decline of 26% from the average session volume of 757,468 shares. The stock had previously closed at C$0.47.

Adventus Mining Price Performance

The company has a debt-to-equity ratio of 4.40, a current ratio of 0.58 and a quick ratio of 1.91. The company’s 50-day simple moving average is C$0.45 and its 200-day simple moving average is C$0.44. The stock has a market capitalization of C$140.73 million, a P/E ratio of -9.77 and a beta of 1.43.

About Adventus Mining

Adventus Mining Corporation engages in the acquisition, exploration, and development of mineral properties in Ecuador, Canada, and Ireland. The company explores for copper, gold, zinc, lead, silver, molybdenum, and tungsten deposits. Its principal project is the Curipamba property covering an area of 21,500 hectares located in Ecuador. The company was formerly known as Adventus Zinc Corporation and changed its name to Adventus Mining Corporation in June 2019. Adventus Mining Corporation was incorporated in 2016 and is headquartered in Toronto, Canada.