Canterra Minerals (CVE:CTM) Stock Price Down 10.8% – Here’s Why

Canterra Minerals Co. (CVE:CTM) dropped 10.8% during trading on Friday . The stock traded as low as C$0.16 and last traded at C$0.17. Approximately 226,110 shares changed hands during trading, a decline of 50% from the average daily volume of 449,815 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

Separately, Atrium Research raised shares of Canterra Minerals to a “strong-buy” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Canterra Minerals has an average rating of “Strong Buy”.

Canterra Minerals Stock Down 8.1%

The stock has a market capitalization of C$66.40 million, a PE ratio of -17.00 and a beta of 3.23. The stock’s 50 day moving average price is C$0.19 and its 200-day moving average price is C$0.20.

Canterra Minerals Company Profile

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.