Constantine Metal Resources (CVE:CEM) Stock Price Up 4.5% – Here’s Why

Shares of Constantine Metal Resources Ltd. (CVE:CEM) shot up 4.5% during mid-day trading on Wednesday. The company traded as high as C$0.36 and last traded at C$0.34. Approximately 207,650 shares traded hands during mid-day trading, an increase of 199% from the average session volume of 69,562 shares. The stock had previously closed at C$0.33.

Constantine Metal Resources Stock Performance

The company’s 50 day simple moving average is C$0.35 and its 200 day simple moving average is C$0.34. The company has a debt-to-equity ratio of 5.75, a quick ratio of 2.07 and a current ratio of 2.08. The stock has a market cap of C$22.52 million and a PE ratio of -10.78.

Constantine Metal Resources Company Profile

Constantine Metal Resources Ltd., a junior mining company, engages in the exploration and development of mineral properties in North America. The company primarily explores for copper, zinc, gold, and silver deposits. Its principal project is the Palmer project that includes 340 federal mining claims and 63 state mining claims located in Alaska, the United States. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.