Montero Mining and Exploration (CVE:MON) Trading 23.4% Higher – Should You Buy?

Montero Mining and Exploration Ltd. (CVE:MONGet Free Report)’s stock price shot up 23.4% during mid-day trading on Tuesday . The stock traded as high as C$0.58 and last traded at C$0.58. Approximately 520 shares were traded during trading, a decline of 98% from the average daily volume of 22,087 shares. The stock had previously closed at C$0.47.

Montero Mining and Exploration Stock Performance

The firm has a 50-day moving average of C$0.59 and a 200-day moving average of C$0.61. The company has a current ratio of 0.10, a quick ratio of 0.02 and a debt-to-equity ratio of 494.64. The stock has a market capitalization of C$4.65 million, a price-to-earnings ratio of -2.89 and a beta of 2.38.

Montero Mining and Exploration Company Profile

(Get Free Report)

Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile. It holds a 100% interest in the Avispa CopperMolybdenum Project that covers an area of 459 square kilometers located in the Atacama Desert of northern Chile. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

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