BTU Metals (CVE:BTU) Trading Down 25% – What’s Next?

BTU Metals Corp. (CVE:BTUGet Free Report) was down 25% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 248,000 shares traded hands during mid-day trading, an increase of 164% from the average daily volume of 94,075 shares. The stock had previously closed at C$0.02.

BTU Metals Price Performance

The company’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.03. The company has a market capitalization of C$2.97 million, a P/E ratio of -3.00 and a beta of 1.81. The company has a quick ratio of 3.74, a current ratio of 26.91 and a debt-to-equity ratio of 5.14.

About BTU Metals

(Get Free Report)

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.

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