Canterra Minerals (CVE:CTM) Stock Price Down 9.1% – Should You Sell?

Canterra Minerals Co. (CVE:CTM) shares dropped 9.1% during trading on Friday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 241,021 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 470,015 shares. The stock had previously closed at C$0.22.

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded Canterra Minerals to a “strong-buy” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Canterra Minerals presently has a consensus rating of “Strong Buy”.

Canterra Minerals Trading Down 4.5%

The company has a market capitalization of C$82.02 million, a price-to-earnings ratio of -21.00 and a beta of 3.05. The firm has a 50-day moving average price of C$0.19 and a 200-day moving average price of C$0.19.

About Canterra Minerals

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.