Metallic Minerals (CVE:MMG) Shares Down 19.7% – Here’s Why

Metallic Minerals Corp. (CVE:MMG)’s share price dropped 19.7% on Wednesday . The company traded as low as C$0.29 and last traded at C$0.31. Approximately 1,254,687 shares traded hands during trading, an increase of 553% from the average daily volume of 192,088 shares. The stock had previously closed at C$0.38.

Metallic Minerals Stock Performance

The firm has a market cap of C$71.18 million, a price-to-earnings ratio of -16.75 and a beta of 0.16. The firm’s 50 day moving average is C$0.35 and its 200-day moving average is C$0.30.

Metallic Minerals Company Profile

Metallic Minerals Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company explores for silver, gold, and copper deposits. Its flagship project is the 100% owned Keno silver project covering an area of 171 square kilometers located in the Keno Hill silver district, Yukon Territory, Canada. The company was formerly known as Monster Mining Corp. and changed its name to Metallic Minerals Corp. in September 2016. Metallic Minerals Corp.