Montero Mining and Exploration (CVE:MON) Stock Price Up 89.5% – Here’s What Happened

Montero Mining and Exploration Ltd. (CVE:MON) shares rose 89.5% during trading on Friday . The stock traded as high as C$0.60 and last traded at C$0.54. Approximately 942,284 shares changed hands during mid-day trading, an increase of 1,755% from the average daily volume of 50,796 shares. The stock had previously closed at C$0.29.

Montero Mining and Exploration Trading Up 1.9%

The company has a 50-day moving average of C$0.29 and a 200 day moving average of C$0.78. The company has a debt-to-equity ratio of 494.64, a current ratio of 0.10 and a quick ratio of 0.02. The company has a market cap of C$4.59 million, a PE ratio of 0.24 and a beta of 1.52.

Montero Mining and Exploration Company Profile

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.