Cantex Mine Development (CVE:CD) Trading Down 9.4% – Here’s Why

Shares of Cantex Mine Development Corp. (CVE:CDGet Free Report) dropped 9.4% during trading on Monday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 130,000 shares were traded during trading, an increase of 10% from the average daily volume of 117,904 shares. The stock had previously closed at C$0.16.

Cantex Mine Development Stock Down 6.3 %

The stock has a market capitalization of C$19.67 million, a price-to-earnings ratio of -3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 39.30, a current ratio of 1.79 and a quick ratio of 2.53. The business has a fifty day moving average of C$0.12 and a 200 day moving average of C$0.12.

Cantex Mine Development Company Profile

(Get Free Report)

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.

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