Shares of Moon River Moly Ltd. (CVE:MOO – Get Free Report) dropped 8.5% on Wednesday . The company traded as low as C$0.59 and last traded at C$0.65. Approximately 52,676 shares traded hands during trading, an increase of 56% from the average daily volume of 33,825 shares. The stock had previously closed at C$0.71.
Moon River Moly Trading Down 8.5%
The stock’s 50 day moving average price is C$0.88 and its two-hundred day moving average price is C$0.70. The firm has a market capitalization of C$21.64 million, a price-to-earnings ratio of -10.16 and a beta of 3.77.
About Moon River Moly
Moon River Capital Ltd., a resource company, focuses on the acquisition, exploration, and development of mineral projects. The company primarily explores for molybdenum deposit. It holds rights and interests in the Davidson Property, which includes six mineral leases covering approximately 1,631.8 hectares and seven mineral claims covering 2,202.02 hectares located near the town of Smithers, British Columbia.
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