Cantex Mine Development (CVE:CD) Trading Down 9.4% – Here’s Why

Cantex Mine Development Corp. (CVE:CDGet Free Report) fell 9.4% on Monday . The company traded as low as C$0.15 and last traded at C$0.15. 130,000 shares were traded during mid-day trading, an increase of 10% from the average session volume of 117,904 shares. The stock had previously closed at C$0.16.

Cantex Mine Development Price Performance

The firm has a market capitalization of C$17.70 million, a PE ratio of -2.88 and a beta of 1.24. The company has a 50-day moving average price of C$0.12 and a 200-day moving average price of C$0.12. The company has a debt-to-equity ratio of 39.30, a current ratio of 1.79 and a quick ratio of 2.53.

About Cantex Mine Development

(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.

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