Cantex Mine Development (CVE:CD) Stock Price Down 1.9% – Here’s Why

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s stock price dropped 1.9% during trading on Wednesday . The company traded as low as C$0.26 and last traded at C$0.26. 21,795 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 99,664 shares. The stock had previously closed at C$0.26.

Cantex Mine Development Price Performance

The firm’s 50 day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.26. The firm has a market capitalization of C$40.60 million, a P/E ratio of -12.75 and a beta of 1.22.

About Cantex Mine Development

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Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.

Further Reading

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