Comet Industries (CVE:CMU) Sets New 12-Month High at $4.75

Shares of Comet Industries Ltd. (CVE:CMU) reached a new 52-week high during trading on Thursday . The stock traded as high as C$4.75 and last traded at C$4.75, with a volume of 3000 shares trading hands. The stock had previously closed at C$4.25.

Comet Industries Stock Performance

The company has a quick ratio of 6.63, a current ratio of 107.37 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of C$22.18 million, a PE ratio of 2.38 and a beta of -0.19. The firm’s 50-day moving average price is C$4.24 and its two-hundred day moving average price is C$4.13.

Insiders Place Their Bets

In other news, Director Michael Santoro acquired 6,400 shares of the stock in a transaction dated Thursday, June 6th. The shares were acquired at an average cost of C$4.25 per share, for a total transaction of C$27,200.00. Company insiders own 43.49% of the company’s stock.

About Comet Industries

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia.