Cantex Mine Development (CVE:CD) Shares Down 9.4% – Time to Sell?

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

Cantex Mine Development Price Performance

The company has a market capitalization of C$17.70 million, a P/E ratio of -2.88 and a beta of 1.24. The company has a debt-to-equity ratio of 39.30, a current ratio of 1.79 and a quick ratio of 2.53. The company’s 50-day moving average price is C$0.12 and its two-hundred day moving average price is C$0.12.

About Cantex Mine Development

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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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