Maverix Metals (CVE:MMX) Shares Down 33.3% – Here’s What Happened

Maverix Metals Inc (CVE:MMX)’s share price dropped 33.3% on Friday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 135,000 shares were traded during mid-day trading, an increase of 188% from the average daily volume of 46,827 shares. The stock had previously closed at C$0.09.

Maverix Metals Stock Down 33.3%

The stock has a 50 day moving average price of C$5.53 and a 200 day moving average price of C$5.68. The company has a current ratio of 4.27, a quick ratio of 4.16 and a debt-to-equity ratio of 8.45. The company has a market capitalization of C$6.48 million, a P/E ratio of 3.00 and a beta of 1.31.

About Maverix Metals

Maverix Metals Inc, a precious metals royalty and streaming company, engages in the exploration and development of mineral properties. The company explores for gold, silver, and other precious metals. It holds a portfolio of 46 development and exploration stage royalties in the United States, Canada, Australia, and internationally. The company is headquartered in Vancouver, Canada.