Metallic Minerals (CVE:MMG) Stock Price Down 15.8% – Here’s Why

Metallic Minerals Corp. (CVE:MMG)’s share price traded down 15.8% on Wednesday . The stock traded as low as C$0.29 and last traded at C$0.32. 1,504,246 shares traded hands during mid-day trading, an increase of 674% from the average session volume of 194,427 shares. The stock had previously closed at C$0.38.

Metallic Minerals Trading Down 15.8%

The stock has a 50 day simple moving average of C$0.35 and a 200-day simple moving average of C$0.30. The firm has a market cap of C$68.00 million, a PE ratio of -16.00 and a beta of 0.16.

Metallic Minerals Company Profile

Metallic Minerals Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company explores for silver, gold, and copper deposits. Its flagship project is the 100% owned Keno silver project covering an area of 171 square kilometers located in the Keno Hill silver district, Yukon Territory, Canada. The company was formerly known as Monster Mining Corp. and changed its name to Metallic Minerals Corp. in September 2016. Metallic Minerals Corp.