Montero Mining and Exploration (CVE:MON) Shares Down 4.2% – Here’s Why
by Tristan Rich · The Markets DailyMontero Mining and Exploration Ltd. (CVE:MON – Get Free Report) fell 4.2% on Thursday . The company traded as low as C$0.46 and last traded at C$0.46. 15,264 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 49,499 shares. The stock had previously closed at C$0.48.
Montero Mining and Exploration Trading Down 9.8%
The business’s fifty day moving average price is C$0.42 and its 200 day moving average price is C$0.65. The company has a quick ratio of 0.02, a current ratio of 0.10 and a debt-to-equity ratio of 494.64. The firm has a market capitalization of C$3.47 million, a PE ratio of 0.19 and a beta of 1.75.
About Montero Mining and Exploration
Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile. It holds a 100% interest in the Avispa CopperMolybdenum Project that covers an area of 459 square kilometers located in the Atacama Desert of northern Chile.