Montero Mining and Exploration (CVE:MON) Shares Down 22.7% – Time to Sell?

Montero Mining and Exploration Ltd. (CVE:MON) fell 22.7% on Tuesday . The stock traded as low as C$0.41 and last traded at C$0.43. 228,002 shares traded hands during mid-day trading, an increase of 328% from the average session volume of 53,254 shares. The stock had previously closed at C$0.55.

Montero Mining and Exploration Stock Performance

The stock’s 50-day moving average is C$0.29 and its 200-day moving average is C$0.78. The stock has a market cap of C$3.55 million, a price-to-earnings ratio of 0.19 and a beta of 1.04. The company has a current ratio of 0.10, a quick ratio of 0.02 and a debt-to-equity ratio of 494.64.

Montero Mining and Exploration Company Profile

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.