Montero Mining and Exploration (CVE:MON) Stock Price Down 2.4% – Here’s Why

Montero Mining and Exploration Ltd. (CVE:MON) shares were down 2.4% during trading on Friday. The stock traded as low as C$0.40 and last traded at C$0.40. Approximately 1,250 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 18,694 shares. The stock had previously closed at C$0.41.

Montero Mining and Exploration Trading Down 2.4%

The company has a current ratio of 0.10, a quick ratio of 0.02 and a debt-to-equity ratio of 494.64. The stock’s fifty day moving average price is C$0.53 and its 200 day moving average price is C$0.60. The stock has a market cap of C$4.47 million, a P/E ratio of -3.08 and a beta of 3.00.

Insider Activity at Montero Mining and Exploration

In related news, Director Antony Harwood bought 363,637 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were purchased at an average cost of C$0.55 per share, with a total value of C$200,000.35. Following the completion of the purchase, the director owned 1,140,683 shares in the company, valued at approximately C$627,375.65. The trade was a 46.80% increase in their position. Corporate insiders own 13.48% of the company’s stock.

Montero Mining and Exploration Company Profile

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.