Confederation Minerals (CVE:CFM) Shares Down 5.6%

Shares of Confederation Minerals Ltd (CVE:CFM) traded down 5.6% during mid-day trading on Tuesday . The stock traded as low as C$0.17 and last traded at C$0.17, 20,000 shares traded hands during trading. An increase of 42% from the average session volume of 14,053 shares. The stock had previously closed at C$0.18.

The company has a market capitalization of $2.73 million and a price-to-earnings ratio of -4.59. The firm has a 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.22. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 9.55.

Confederation Minerals Company Profile (CVE:CFM)

Confederation Minerals Ltd., a junior resource company, engages in the acquisition, exploration, and development of mineral deposits in Canada. The company primarily explores for gold projects. It holds a 70% interest in the Newman Todd project located in the Red Lake mining district of northern Ontario; and a 35% interest in certain other claims adjacent to the Newman Todd project.

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