Montero Mining and Exploration (CVE:MON) Trading 89.5% Higher – Time to Buy?

Montero Mining and Exploration Ltd. (CVE:MON)’s share price rose 89.5% during mid-day trading on Friday . The company 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 Stock Performance

The company has a debt-to-equity ratio of 494.64, a quick ratio of 0.02 and a current ratio of 0.10. The stock has a market cap of C$4.59 million, a P/E ratio of 0.24 and a beta of 1.52. The firm’s 50 day moving average is C$0.29 and its 200 day moving average is C$0.78.

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.