Cantex Mine Development Corp. (CVE:CD – Get Free Report) shares were down 12.5% during trading on Wednesday . The company traded as low as C$0.20 and last traded at C$0.21. 266,625 shares traded hands during mid-day trading, an increase of 129% from the average session volume of 116,457 shares. The stock had previously closed at C$0.24.
Cantex Mine Development Trading Down 12.5%
The business has a 50 day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.24. The company has a current ratio of 3.33, a quick ratio of 2.53 and a debt-to-equity ratio of 6.38. The stock has a market cap of C$58.05 million, a price-to-earnings ratio of -10.50 and a beta of 1.10.
About Cantex Mine Development
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. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.
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