Centamin (TSE:CEE) Shares Down 3.9% – Here’s Why

Centamin plc (TSE:CEEGet Free Report) dropped 3.9% during mid-day trading on Monday . The stock traded as low as C$2.48 and last traded at C$2.48. Approximately 5,299 shares were traded during trading, a decline of 78% from the average daily volume of 24,424 shares. The stock had previously closed at C$2.58.

Centamin Stock Performance

The firm has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 0.85 and a beta of 0.56. The company has a 50-day moving average price of C$2.68 and a 200-day moving average price of C$2.37. The company has a quick ratio of 2.09, a current ratio of 3.44 and a debt-to-equity ratio of 0.29.

Centamin Company Profile

(Get Free Report)

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.

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