Cantex Mine Development (CVE:CD) Stock Price Down 8.6% – Time to Sell?

Cantex Mine Development Corp. (CVE:CD – Get Free Report)’s share price was down 8.6% on Wednesday. The stock traded as low as C$0.27 and last traded at C$0.27. 5,500 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 96,892 shares. The stock had previously closed at C$0.29.

Cantex Mine Development Price Performance

The company has a market cap of C$42.20 million, a price-to-earnings ratio of -13.25 and a beta of 1.51. The firm has a 50 day simple moving average of C$0.27 and a 200-day simple moving average of C$0.27.

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. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.

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