Montero Mining and Exploration (CVE:MON) Stock Price Down 5.7% – What’s Next?

Shares of Montero Mining and Exploration Ltd. (CVE:MONGet Free Report) fell 5.7% during trading on Tuesday . The stock traded as low as C$0.50 and last traded at C$0.50. 26,338 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 23,242 shares. The stock had previously closed at C$0.53.

Montero Mining and Exploration Stock Performance

The stock’s 50-day moving average is C$0.63 and its 200-day moving average is C$0.60. The stock has a market cap of C$4.23 million, a price-to-earnings ratio of -2.63 and a beta of 2.38. The company has a debt-to-equity ratio of 494.64, a current ratio of 0.10 and a quick ratio of 0.02.

About Montero Mining and Exploration

(Get Free Report)

Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile. It holds a 100% interest in the Avispa CopperMolybdenum Project that covers an area of 459 square kilometers located in the Atacama Desert of northern Chile. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

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