Cruz Cobalt (CUZ) Shares Down 9.1%

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Cruz Cobalt Corp (CVE:CUZ)’s share price dropped 9.1% during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 143,500 shares traded hands during mid-day trading, an increase of 58% from the average daily volume of 90,987 shares. The stock had previously closed at C$0.06.

The stock has a market cap of $3.93 million and a P/E ratio of -2.50.

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About Cruz Cobalt (CVE:CUZ)

Cruz Cobalt Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada and the United States. The company explores for cobalt and lithium properties. It holds interests in nine cobalt projects located in North America, including five in Ontario, two in British Columbia, one in Idaho, and one in Montana.

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