BTU Metals (CVE:BTU) Shares Down 16.7% – Here’s Why

BTU Metals Corp. (CVE:BTU) traded down 16.7% during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. 152,000 shares traded hands during trading, an increase of 16% from the average session volume of 130,739 shares. The stock had previously closed at C$0.03.

BTU Metals Price Performance

The business’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.03. The company has a market capitalization of C$4.46 million, a P/E ratio of -3.00 and a beta of 1.81. The company has a current ratio of 26.91, a quick ratio of 3.74 and a debt-to-equity ratio of 5.14.

BTU Metals Company Profile

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.