Shares of Cantex Mine Development Corp. (CVE:CD) were down 11.4% on Thursday . The stock traded as low as C$1.44 and last traded at C$1.47, approximately 156,933 shares traded hands during mid-day trading. An increase of 90% from the average daily volume of 82,725 shares. The stock had previously closed at C$1.66.
The company has a market capitalization of $65.09 million and a P/E ratio of -4.72. The firm has a 50 day moving average price of C$1.87 and a two-hundred day moving average price of C$3.81. The company has a debt-to-equity ratio of 67.46, a quick ratio of 1.79 and a current ratio of 1.83.
In related news, Director Charles Edgar Fipke acquired 50,000 shares of the stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of C$0.96 per share, for a total transaction of C$47,920.00. Following the purchase, the director now owns 77,040 shares in the company, valued at approximately C$73,835.14. Over the last quarter, insiders bought 72,800 shares of company stock worth $82,286.
Cantex Mine Development Company Profile (CVE:CD)
Cantex Mine Development Corp. engages in the acquisition, exploration, and development of mineral properties in Canada, the Republic of Yemen, and the United States. The company explores for gold, nickel, copper, cobalt, platinum, palladium, and rhodium deposits. Its primary project is located in the northwestern part of the Republic of Yemen, where it owns exploration licenses covering an area of approximately 1,583 square kilometers.
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