Montero Mining and Exploration Ltd. (CVE:MON – Get Free Report) shares fell 8% during mid-day trading on Wednesday. The company traded as low as C$0.46 and last traded at C$0.46. 5,000 shares traded hands during trading, a decline of 74% from the average daily volume of 19,400 shares. The stock had previously closed at C$0.50.
Montero Mining and Exploration Stock Performance
The firm’s 50 day simple moving average is C$0.61 and its 200 day simple moving average is C$0.60. The firm has a market capitalization of C$3.89 million, a price-to-earnings ratio of -3.54 and a beta of 2.28. The company has a debt-to-equity ratio of 494.64, a quick ratio of 0.02 and a current ratio of 0.10.
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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