Cache Exploration Inc. (CVE:CAY) dropped 12.5% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 592,000 shares changed hands during trading, an increase of 173% from the average daily volume of 216,682 shares. The stock had previously closed at C$0.04.

The company has a market capitalization of $2.13 million and a P/E ratio of -1.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.50 and a quick ratio of 0.44.

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About Cache Exploration (CVE:CAY)

Cache Exploration Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. Its principal property is the Kiyuk Lake gold property that consists of 70 mineral claims covering an area of 590 square kilometers located in Nunavut. The company was incorporated in 2005 and is headquartered in Delta, Canada.

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