Canterra Minerals (CVE:CTM) Shares Down 12.9% – What’s Next?

Shares of Canterra Minerals Co. (CVE:CTM) were down 12.9% during trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.14. Approximately 198,425 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 406,227 shares. The stock had previously closed at C$0.15.

Wall Street Analysts Forecast Growth

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

Canterra Minerals Price Performance

The firm has a market cap of C$53.04 million, a PE ratio of -13.50 and a beta of 3.62. The company has a 50 day simple moving average of C$0.16 and a 200-day simple moving average of C$0.18.

About Canterra Minerals

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.