Cantex Mine Development (CVE:CD) Shares Down 40% – Should You Sell?

Cantex Mine Development Corp. (CVE:CDGet Free Report) shares dropped 40% during mid-day trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 803,125 shares were traded during trading, an increase of 757% from the average daily volume of 93,765 shares. The stock had previously closed at C$0.18.

Cantex Mine Development Stock Down 40.0%

The company has a debt-to-equity ratio of 39.30, a current ratio of 1.79 and a quick ratio of 2.53. The company has a fifty day moving average price of C$0.17 and a 200 day moving average price of C$0.17. The company has a market cap of C$16.68 million, a PE ratio of -2.63 and a beta of -1.04.

About Cantex Mine Development

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Cantex Mine Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cantex Mine Development and related companies with MarketBeat.com's FREE daily email newsletter.