Mint (CVE:MIT) Shares Pass Below 200 Day Moving Average – Here’s Why

The Mint Co. (CVE:MIT) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.03 and traded as low as C$0.03. Mint shares last traded at C$0.03, with a volume of 12,000 shares changing hands.

Mint Trading Down 14.3%

The business’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. The company has a debt-to-equity ratio of 78.57, a current ratio of 1.46 and a quick ratio of 3.38. The stock has a market capitalization of C$7.08 million, a P/E ratio of -3.00 and a beta of 0.36.

Mint Company Profile

The Mint Corporation, through its subsidiaries, provides vertically integrated prepaid card and payroll services primarily in the Middle East. It manages the issuance, administration, customer support, payment processing, set-up, sponsorship, and regulated reporting of cards and related activities to government authorities. It offers its solutions through a network of ATMs, payment processing platforms, and branded card products. The company was formerly known as Mint Technology Corp. and changed its name to The Mint Corporation in August 2013.