Mint (CVE:MIT) Shares Cross Below 50 Day Moving Average – Time to Sell?

The Mint Co. (CVE:MIT)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 traded.

Mint Trading Down 14.3%

The company has a market capitalization of C$7.08 million, a price-to-earnings ratio of -3.00 and a beta of 0.36. 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 business’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.

About Mint

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.