Shares of Montero Mining and Exploration Ltd. (CVE:MON – Get Free Report) dropped 12.5% on Tuesday . The company traded as low as C$0.46 and last traded at C$0.46. 4,030 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 20,505 shares. The stock had previously closed at C$0.52.
Montero Mining and Exploration Stock Performance
The company has a quick ratio of 0.02, a current ratio of 0.10 and a debt-to-equity ratio of 494.64. The company has a market cap of C$3.85 million, a P/E ratio of -2.39 and a beta of 2.51. The business has a fifty day moving average of C$0.54 and a 200 day moving average of C$0.61.
About Montero Mining and Exploration
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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