Maverix Metals (CVE:MMX) Shares Down 33.3% – Time to Sell?

Maverix Metals Inc (CVE:MMX)’s share price traded down 33.3% during mid-day trading on Friday . The company traded as low as C$0.06 and last traded at C$0.06. 135,000 shares traded hands during trading, an increase of 188% from the average session volume of 46,827 shares. The stock had previously closed at C$0.09.

Maverix Metals Trading Down 33.3%

The firm has a market cap of C$6.48 million, a P/E ratio of 3.00 and a beta of 1.31. The business has a 50 day moving average of C$5.53 and a two-hundred day moving average of C$5.68. The company has a current ratio of 4.27, a quick ratio of 4.16 and a debt-to-equity ratio of 8.45.

Maverix Metals Company Profile

Maverix Metals Inc, a precious metals royalty and streaming company, engages in the exploration and development of mineral properties. The company explores for gold, silver, and other precious metals. It holds a portfolio of 46 development and exploration stage royalties in the United States, Canada, Australia, and internationally. The company is headquartered in Vancouver, Canada.