Comet Industries (CVE:CMU) Sets New 1-Year Low – Here’s Why

Comet Industries Ltd. (CVE:CMUGet Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as C$3.85 and last traded at C$3.85, with a volume of 10000 shares trading hands. The stock had previously closed at C$4.05.

Comet Industries Stock Down 4.9 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 13.51 and a quick ratio of 6.63. The firm has a 50-day moving average of C$4.18 and a 200 day moving average of C$4.25. The stock has a market capitalization of C$17.98 million, a price-to-earnings ratio of 2.33 and a beta of -0.25.

Comet Industries Company Profile

(Get Free Report)

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia.

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