Montero Mining and Exploration (CVE:MON) Trading 23.4% Higher – Here’s Why

Montero Mining and Exploration Ltd. (CVE:MONGet Free Report) shares were up 23.4% during trading on Tuesday . The company traded as high as C$0.58 and last traded at C$0.58. Approximately 520 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 22,087 shares. The stock had previously closed at C$0.47.

Montero Mining and Exploration Price Performance

The company has a current ratio of 0.10, a quick ratio of 0.02 and a debt-to-equity ratio of 494.64. The stock has a market capitalization of C$4.90 million, a PE ratio of -3.05 and a beta of 2.38. The business has a fifty day moving average price of C$0.59 and a 200-day moving average price of C$0.61.

About Montero Mining and Exploration

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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. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.

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