Constantine Metal Resources (CVE:CEM) Stock Price Down 9.5%

Constantine Metal Resources Ltd. (CVE:CEMGet Rating)’s share price dropped 9.5% during mid-day trading on Wednesday . The company traded as low as C$0.34 and last traded at C$0.34. Approximately 73,600 shares traded hands during trading, a decline of 5% from the average daily volume of 77,497 shares. The stock had previously closed at C$0.37.

The firm has a market cap of C$19.71 million and a PE ratio of -11.56. The stock’s fifty day moving average price is C$0.35 and its 200-day moving average price is C$0.44. The company has a debt-to-equity ratio of 5.48, a current ratio of 2.34 and a quick ratio of 2.31.

About Constantine Metal Resources (CVE:CEM)

Constantine Metal Resources Ltd., a junior mining company, engages in the exploration and development of mineral properties in North America. The company primarily explores for copper, zinc, gold, and silver deposits. Its principal project is the Palmer project that includes 340 federal mining claims and 63 state mining claims located in Alaska, the United States.

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