Shares of Cantex Mine Development Corp. (CVE:CD – Get Free Report) dropped 40% during trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 803,125 shares were traded during 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 Stock Performance
The firm’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.17. 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 debt-to-equity ratio of 39.30, a current ratio of 1.79 and a quick ratio of 2.53.
Cantex Mine Development Company Profile
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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