Cantex Mine Development Corp. (CVE:CD – Get Free Report)’s share price dropped 40% during mid-day trading on Saturday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 803,125 shares traded hands during mid-day trading, an increase of 738% from the average daily volume of 95,866 shares. The stock had previously closed at C$0.18.
Cantex Mine Development Price Performance
The firm has a fifty day moving average of C$0.17 and a two-hundred day moving average of C$0.17. The company has a current ratio of 1.79, a quick ratio of 2.53 and a debt-to-equity ratio of 39.30. The company has a market capitalization of C$16.68 million, a PE ratio of -5.25 and a beta of -1.04.
About Cantex Mine Development
Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.
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