Cascadero Copper (CVE:CCD) Shares Down 40% – Here’s Why

Cascadero Copper Co. (CVE:CCD)’s share price was down 40% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 229,600 shares changed hands during mid-day trading, an increase of 52% from the average daily volume of 151,338 shares. The stock had previously closed at C$0.03.

Cascadero Copper Stock Down 40.0%

The stock has a market capitalization of C$4.50 million, a price-to-earnings ratio of -15.00 and a beta of -6.52. The business has a 50-day moving average of C$0.01 and a 200-day moving average of C$0.01. The company has a debt-to-equity ratio of 21.60, a quick ratio of 3.44 and a current ratio of 0.54.

Cascadero Copper Company Profile

Cascadero Copper Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties primarily in Argentina. The company explores for cesium, silver, zinc, lead, gold, uranium, copper, tellurium, tin, molybdenum, iron, and rubidium ores. It holds interests in 27 mineral properties located in the northern area of the Argentine Puna. Cascadero Copper Corporation was incorporated in 2003 and is headquartered in North Vancouver, Canada.