El Nino Ventures (CVE:ELN) Stock Price Down 20%

El Nino Ventures Inc. (CVE:ELN)’s stock price dropped 20% during mid-day trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02, approximately 4,000 shares changed hands during mid-day trading. A decline of 90% from the average daily volume of 40,995 shares. The stock had previously closed at C$0.03.

The stock has a market capitalization of $1.85 million and a price-to-earnings ratio of -2.22. The business has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03.

El Nino Ventures Company Profile (CVE:ELN)

El Nino Ventures Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for zinc, lead, copper, silver, and gold deposits. The company holds 31.48% interest in the Murray Brook Project located to the west of Bathurst, New Brunswick; and a 100% interest in three gold projects located in the Great Northern Peninsula of Newfoundland.

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