Cantex Mine Development Corp. (CVE:CD – Get Free Report) shares dropped 12.5% during trading on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 266,625 shares traded hands during trading, an increase of 129% from the average session volume of 116,457 shares. The stock had previously closed at C$0.24.
Cantex Mine Development Stock Performance
The company has a 50 day moving average of C$0.29 and a 200 day moving average of C$0.24. The company has a debt-to-equity ratio of 6.38, a quick ratio of 2.53 and a current ratio of 3.33. The stock has a market capitalization of C$63.58 million, a price-to-earnings ratio of -11.50 and a beta of 1.10.
About Cantex Mine Development
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. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.
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