Montero Mining and Exploration (CVE:MON) Stock Price Down 7.1% – Here’s Why

Montero Mining and Exploration Ltd. (CVE:MONGet Free Report)’s stock price traded down 7.1% on Tuesday . The stock traded as low as C$0.65 and last traded at C$0.65. Approximately 901 shares were traded during trading, a decline of 96% from the average session volume of 20,135 shares. The stock had previously closed at C$0.70.

Montero Mining and Exploration Stock Performance

The firm has a market cap of C$5.50 million, a price-to-earnings ratio of -5.00 and a beta of 2.28. The company has a current ratio of 0.10, a quick ratio of 0.02 and a debt-to-equity ratio of 494.64. The firm’s fifty day moving average price is C$0.59 and its 200-day moving average price is C$0.63.

About Montero Mining and Exploration

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Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile. It holds a 100% interest in the Avispa CopperMolybdenum Project that covers an area of 459 square kilometers located in the Atacama Desert of northern Chile. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

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