Canterra Minerals (CVE:CTM) Shares Down 11.1% – Here’s What Happened

Shares of Canterra Minerals Co. (CVE:CTM) traded down 11.1% on Tuesday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 857,577 shares traded hands during mid-day trading, an increase of 113% from the average session volume of 402,098 shares. The stock had previously closed at C$0.14.

Canterra Minerals Price Performance

The stock has a fifty day moving average of C$0.14 and a 200 day moving average of C$0.17. The stock has a market cap of C$49.63 million, a price-to-earnings ratio of -12.50 and a beta of 3.59.

Canterra Minerals Company Profile

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.