Arena Minerals (CVE:AN) dropped 9.1% during trading on Thursday . The company 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 61% from the average daily volume of 128,973 shares. The stock had previously closed at C$0.06.
The business has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.06. The stock has a market cap of $8.56 million and a P/E ratio of -6.25.
Arena Minerals Company Profile (CVE:AN)
Arena Minerals Inc, a copper exploration company, engages in the acquisition, exploration, and development of mineral properties in South America. It flagship asset is the Atacama copper property covering an area of approximately 7,100 hectares located within the Antofagasta region of Chile. The company was formerly known as Antofagasta Gold Inc and changed its name to Arena Minerals Inc in December 2013.
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