Typhoon Exploration (CVE:TYP) Shares Down 18.2%

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Shares of Typhoon Exploration Inc (CVE:TYP) dropped 18.2% on Monday . The stock traded as low as C$0.05 and last traded at C$0.05, approximately 50,000 shares traded hands during mid-day trading. A decline of 22% from the average daily volume of 64,250 shares. The stock had previously closed at C$0.06.

The firm has a market capitalization of $2.49 million and a PE ratio of -0.22. The company has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a debt-to-equity ratio of 1.57, a quick ratio of 8.89 and a current ratio of 8.89.

About Typhoon Exploration (CVE:TYP)

Typhoon Exploration Inc acquires, explores, and develops mining properties in Canada. The company primarily explores for gold, copper, and zinc deposits. It owns a 100% interest in the Monexco property that includes 42 mining claims located in the McCorkill Township; Ranger property comprising 13 mining claims located in the Abitibi region; Sommet property consisting of 11 mining claims located in the Abitibi region; and Futur property with 20 mining claims located in Canada.

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