Comet Industries (CVE:CMU) Reaches New 52-Week High – Here’s Why

Comet Industries Ltd. (CVE:CMU)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$4.70 and last traded at C$4.70, with a volume of 7425 shares changing hands. The stock had previously closed at C$4.25.

Comet Industries Price Performance

The company’s fifty day simple moving average is C$3.90 and its 200 day simple moving average is C$4.05. The company has a current ratio of 401.62, a quick ratio of 6.63 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of C$21.58 million, a P/E ratio of -30.00 and a beta of -0.51.

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.