Montero Mining and Exploration (CVE:MON) Trading Up 89.5% – Still a Buy?

Montero Mining and Exploration Ltd. (CVE:MON)’s share price was up 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 traded 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 quick ratio of 0.02, a current ratio of 0.10 and a debt-to-equity ratio of 494.64. The firm has a 50 day moving average of C$0.29 and a 200 day moving average of C$0.78. The firm 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.