Cantex Mine Development (CVE:CD) Shares Down 40% – What’s Next?

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s stock price was down 40% during trading on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 803,125 shares traded hands during mid-day trading, an increase of 738% from the average daily volume of 95,866 shares. The stock had previously closed at C$0.18.

Cantex Mine Development Stock Performance

The stock has a market capitalization of C$16.68 million, a price-to-earnings ratio of -2.63 and a beta of -1.04. The company’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.17. The company has a quick ratio of 2.53, a current ratio of 1.79 and a debt-to-equity ratio of 39.30.

Cantex Mine Development Company Profile

(Get Free Report)

Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.

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