BTU Metals (CVE:BTU) Shares Down 16.7% – Here’s What Happened

Shares of BTU Metals Corp. (CVE:BTU) dropped 16.7% on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 152,000 shares traded hands during trading, an increase of 16% from the average daily volume of 130,739 shares. The stock had previously closed at C$0.03.

BTU Metals Stock Performance

The stock’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.03. The company has a current ratio of 26.91, a quick ratio of 3.74 and a debt-to-equity ratio of 5.14. The company has a market capitalization of C$4.46 million, a P/E ratio of -3.00 and a beta of 1.81.

BTU Metals Company Profile

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.