Canterra Minerals (CVE:CTM) Stock Price Down 10.8% – Here’s Why

Shares of Canterra Minerals Co. (CVE:CTM) traded down 10.8% on Friday . The stock traded as low as C$0.16 and last traded at C$0.17. 226,110 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 449,815 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

Separately, Atrium Research upgraded Canterra Minerals to a “strong-buy” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Canterra Minerals presently has an average rating of “Strong Buy”.

Canterra Minerals Price Performance

The firm has a fifty day moving average of C$0.19 and a two-hundred day moving average of C$0.20. The stock has a market capitalization of C$66.40 million, a P/E ratio of -17.00 and a beta of 3.23.

About Canterra Minerals

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.