Cantex Mine Development (CVE:CD) Shares Down 40% – What’s Next?

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s share price dropped 40% during trading on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 803,125 shares changed hands 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 Price Performance

The firm has a 50-day moving average price of C$0.17 and a 200 day moving average price of C$0.17. The stock has a market capitalization of C$16.68 million, a P/E ratio of -2.63 and a beta of -1.04. The company has a debt-to-equity ratio of 39.30, a quick ratio of 2.53 and a current ratio of 1.79.

Cantex Mine Development Company Profile

(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.

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