Cantex Mine Development (CVE:CD) Shares Down 4% – Here’s What Happened

Cantex Mine Development Corp. (CVE:CD) shares dropped 4% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 159,850 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 119,639 shares. The stock had previously closed at C$0.13.

Cantex Mine Development Price Performance

The business has a fifty day moving average price of C$0.13 and a 200-day moving average price of C$0.14. The company has a current ratio of 7.64, a quick ratio of 2.53 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of C$15.26 million, a PE ratio of -4.00 and a beta of 1.24.

Cantex Mine Development Company Profile

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.