Cantex Mine Development (CVE:CD) Shares Down 6.5% – Time to Sell?

Cantex Mine Development Corp. (CVE:CD)’s stock price traded down 6.5% during mid-day trading on Tuesday . The stock traded as low as C$0.14 and last traded at C$0.15. 173,432 shares traded hands during mid-day trading, an increase of 55% from the average session volume of 112,045 shares. The stock had previously closed at C$0.16.

Cantex Mine Development Trading Down 9.7 %

The company has a current ratio of 1.79, a quick ratio of 2.53 and a debt-to-equity ratio of 39.30. The company has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.12. The company has a market capitalization of C$18.36 million, a PE ratio of -2.98 and a beta of 1.24.

About Cantex Mine Development

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.