Starr Peak Mining (CVE:STE) Trading Down 4.1% – Here’s What Happened

Shares of Starr Peak Mining Ltd. (CVE:STE) were down 4.1% during mid-day trading on Wednesday . The stock traded as low as C$0.47 and last traded at C$0.47. Approximately 101,000 shares traded hands during trading, a decline of 6% from the average daily volume of 107,281 shares. The stock had previously closed at C$0.49.

Starr Peak Mining Price Performance

The company’s 50-day simple moving average is C$0.48 and its 200-day simple moving average is C$0.42. The stock has a market capitalization of C$28.26 million, a price-to-earnings ratio of -23.50 and a beta of 1.15.

Starr Peak Mining Company Profile

Starr Peak Mining Ltd., an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral properties in Canada. The company explores for gold. It holds a 100% interest in NewMetal Property located in the Abitibi Greenstone Belt of Quebec; the Rousseau Gold Property located in Canada; and the Turgeon Lake Gold Property located in the east of the Rousseau Gold Property. The company was formerly known as Starr Peak Exploration Ltd. and changed its name to Starr Peak Mining Ltd.